In a recent press briefing in Beijing, Chinese Foreign Ministry Spokesperson Guo Jiakun emphasized that there are no winners in the current trade and tariff wars. He stated that China will continue to take necessary measures to firmly safeguard its legitimate rights and interests.
Guo's remarks come in the wake of U.S. President Donald Trump's announcement in April to impose tariffs on foreign automobile imports. This move has intensified the ongoing economic tensions between the two global powers.
Trade wars and tariff battles disrupt international markets, affecting businesses and consumers worldwide. Experts suggest that such conflicts can lead to increased costs, reduced trade volumes, and strained diplomatic relations.
As the situation evolves, China remains steadfast in its commitment to protecting its economic interests while seeking a stable and fair trading environment. The global community watches closely, hoping for resolutions that promote mutual growth and cooperation.
Reference(s):
cgtn.com
