China says US tariff hikes no longer make economic sense
The White House issued a Fact Sheet about the Section 232 investigation on its website on April 15, saying that China faces up to a 245 per cent tariff on imports to the United States as a result of its retaliatory actions.
BEIJING - A Chinese foreign ministry spokesperson said on Thursday that the United States' 245 per cent tariff on certain products from China no longer makes economic sense, reported Xinhua.
The White House issued a Fact Sheet about the Section 232 investigation on its website on April 15, saying that China faces up to a 245 per cent tariff on imports to the United States as a result of its retaliatory actions.
In response to a 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 weaponises 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. - BERNAMA-XINHUA
Download Sinar Daily application.Click Here!
