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There is no winner in trade or tariff war: Chinese Foreign Ministry

CGTN

A view of the Chinese Foreign Ministry. /VCG
A view of the Chinese Foreign Ministry. /VCG

A view of the Chinese Foreign Ministry. /VCG

The Chinese Foreign Ministry on Sunday once again warned that there will be no winner in trade and tariff wars, following the U.S.' recent announcement of imposing a 10-percent additional tariff on imports from China.

According to a statement released on the Ministry's website, a spokesperson for the Chinese Foreign Ministry said China firmly deplores and opposes the U.S. move and will take necessary countermeasures to defend its legitimate rights and interests.

China's position is firm and consistent, the spokesperson pointed out, adding that the U.S.' unilateral tariff hikes severely violate World Trade Organization rules.

"This move cannot solve the U.S.' problems at home and more importantly, does not benefit either side, still less the world," the statement read.

Noting China is one of the world's toughest countries on counternarcotics both in terms of policy and its implementation, the spokesperson said Fentanyl is an issue for the U.S.

"In the spirit of humanity and goodwill, China has given support to the U.S.' response to this issue. At the U.S.' request, China announced back in 2019 the decision to officially schedule fentanyl-related substances as a class. We are the first country in the world to do so," said the spokesperson.

The Chinese Foreign Ministry urged the U.S. side to view and solve its own fentanyl issue in an objective and rational way instead of threatening other countries with arbitrary tariff hikes.

Additional tariffs are not constructive and are bound to affect and harm counternarcotics cooperation between the two sides in the future, the spokesperson stressed.

China calls on the U.S. to correct its wrongdoings, maintain the hard-won positive dynamics in counternarcotics cooperation, and promote the steady, sound, and sustainable development of China-U.S. relations, the spokesperson added.

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