China says U.S. tariff hikes no longer make economic sense

A Chinese foreign ministry spokesperson said on Thursday that the United States' 245 percent tariff on certain products from China no longer makes economic sense.

The White House issued a Fact Sheet about Section 232 investigation on its website on April 15, saying that China faces up to a 245 percent tariff on imports to the United States as a result of its retaliatory actions.

In response to a relevant query, the spokesperson pointed out that China has made it very clear that the United States' extortionate tariff hikes on China have become a numbers game, which economically does not make much actual difference anymore, except further demonstrating how the United States weaponizes tariff to coerce and bully others.

"China does not want to fight those wars but neither are we afraid of them," said the spokesperson, noting that tariff and trade wars have no winners.

"If the United States continues to play this numbers game with tariffs, it will simply be ignored. But if the United States continues to inflict actual damage on China's rights and interests, China will respond with resolute countermeasures and will stand our ground to the end," the spokesperson said.