🚨 Chinese President Xi Jinping affirmed that there are no winners in a tariff war, stressing the need for cooperation between China and the European Union to confront unilateral intimidation and protect common interests.
⭕ The Chinese Ministry of Finance announced an increase in tariffs on American goods from 84% to 125%.
⭕ In its response, the ministry confirmed that if Washington continues to undermine China's interests, Beijing will take countermeasures, warning that Trump's tariffs are merely a "numbers game" with no real economic impact.
⭕ The ministry also considered that imposing high tariffs represents a blatant violation of international trade rules, describing these practices as bullying and coercion. It announced that the additional tariffs would come into effect starting tomorrow.
On the other hand, the Chinese Ministry of Commerce also announced the filing of a new complaint with the World Trade Organization in response to the American tariffs, calling on Washington to cancel these tariffs and correct its trade policy. It also stated that suspending tariffs on some partners does not change the fact that Washington seeks to achieve personal gains through extortion.
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