‘No one will win a trade war,’ China says after Trump tariff threat

In regards to the arrangement back of US tariffs on China, China believes that China-US economic and alternate cooperation is mutually worthwhile in nature, Chinese language Embassy Spokesperson Liu Pengyu says

Reuters

26 November, 2024, 08:55 pm

Final modified: 26 November, 2024, 09:05 pm

Neither the United States nor China would derive a alternate battle, the Chinese language Embassy in Washington mentioned on Monday, after US President-elect Donald Trump threatened to slap an additional 10% tariff on all Chinese language imports when he takes map of enterprise on 20 January.

“In regards to the arrangement back of US tariffs on China, China believes that China-US economic and alternate cooperation is mutually worthwhile in nature,” Chinese language Embassy Spokesperson Liu Pengyu mentioned in a press launch.

“No one will derive a alternate battle or a tariff battle,” Liu mentioned.

Trump mentioned he would impose the tariffs till China stops the waft of unlawful remedy, in particular fentanyl, into the United States.

In the observation, Liu mentioned China had taken steps to fight drug trafficking after an agreement used to be reached closing 365 days between President Joe Biden and Chinese language President Xi Jinping.

“The Chinese language aspect has notified the US aspect of the growth made in US-linked regulations enforcement operations in opposition to narcotics,” Liu mentioned.

“No one will derive a alternate battle or a tariff battle,” Liu mentioned.

Trump mentioned he would impose the tariffs till China stops the waft of unlawful remedy, in particular fentanyl, into the United States.

In the observation, Liu mentioned China had taken steps to fight drug trafficking after an agreement used to be reached closing 365 days between President Joe Biden and Chinese language President Xi Jinping.

“The Chinese language aspect has notified the US aspect of the growth made in US-linked regulations enforcement operations in opposition to narcotics,” Liu mentioned.

“All these level to that the foundation of China knowingly allowing fentanyl precursors to waft into the United States runs entirely counter to details and reality,” Liu mentioned.

There used to be incremental but seen growth in cooperation over shutting down illicit visitors in chemical compounds at probability of ranking lethal fentanyl after Xi and Biden agreed to resume joint efforts closing 365 days.

The United States, the build fentanyl abuse has been a well-known motive of loss of life, has pushed China for harder regulations enforcement, including tackling illicit finance and clamping additional controls on the chemical compounds.

In June, China’s top prosecutor urged its regulations enforcement officers to level of interest on combating drug trafficking, as Beijing and Washington unveiled a rare joint investigation into remedy.

In August, days after a assembly of a joint counternarcotics working team, China mentioned it can perhaps tighten controls on three chemical compounds foremost for making fentanyl.