China has reacted sharply to President Donald Trump's promise to impose more tariffs, warning that Beijing is ready for a tariff war or "any other kind of war." The reaction came after the imposition of new 25% taxes on imports from Mexico and Canada, as well as on Chinese goods. Trump, in his speech Tuesday night, said he would impose more tariffs on April 2, including reciprocal tariffs and other measures aimed at balancing the trade balance that has lasted for many years.
China's Foreign Ministry strongly opposed the decision and said that "if the US seeks war, whether it is a tariff war, a trade war or any other kind of war, we are ready to fight to the end." The Chinese ambassador to the US also repeated this threat. China has called the fentanyl crisis a "weak excuse" for the tariff hike and accused the Trump administration of "blackmail" and attempts to use threats and pressure on China, writes A2 CNN.
In its response, Beijing stressed that the fentanyl problem is the responsibility of the US, not China, adding that they have taken strong steps to help combat the problem, but that these efforts have been ignored and scorned by the United States. China also stressed that the use of blackmail and threats would not solve the problem and would further damage cooperation in the fight against narcotics.
This development has worried economists, as a tariff war could severely impact global economic growth and raise prices for American consumers, who are still struggling with high inflation. (A2 Televizion)
A2 CNN Livestream
MUND TE LEXONI GJITHASHTU
