China: There will be no winners in the trade war
China has said that the trade war will not bring victory, responding to Trump's plans to impose new duties.
Liu Pengyu, a spokesman for the Chinese Embassy in the United States, said that neither side would be able to win the trade war. The comment was made in response to a statement by US President Donald Trump about plans to introduce additional duties. Trump announced the introduction of 10% duties on goods from China, as well as 25% duties on imports from Mexico and Canada.
According to Trump, these measures will remain in effect until the problems with drug trafficking and illegal border crossings are resolved. Liu Pengyu stressed that the escalation of trade conflicts not only harms both sides, but also threatens the stability of the global economy.
China calls for dialogue and cooperation to prevent further economic losses. Experts believe that the increase in duties will have a negative impact on consumers, increasing the cost of goods, and may slow down economic growth in both the United States and China. It is expected that the situation will require the resumption of negotiations between the countries to find compromise solutions.
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