China has issued a warning to Donald Trump over his plans to impose new tariffs, saying that “no one will win a trade war.”
The President-elect said on Monday that he will impose an additional 10 percent tariff on Chinese products entering the U.S. when he returns to the White House, warning that “massive amounts of drugs” are still pouring into the U.S. despite numerous talks.
Reacting to Trump’s statement, Liu Pengyu, the spokesman for the Chinese Embassy in the U.S., wrote on X, formerly Twitter: “China-US economic and trade cooperation is mutually beneficial in nature. No one will win a trade war or a tariff war.
“The counternarcotics authorities of China and the U.S. have resumed regular communication since the San Francisco Summit. The Chinese side has notified the US side of the progress made in US-related law enforcement operations against narcotics. China has responded to US request for verifying clues on certain cases and taken action.”
He added: “All these prove that the idea of China knowingly allowing fentanyl precursors to flow into the United States runs completely counter to facts and reality.”
This is a breaking story. More to follow.
