The United States should refrain from utilizing tariffs as a coercive tool, China's Ministry of Commerce stated on Thursday.
Ministry spokesperson He Yadong responded to a media inquiry regarding the U.S.' recent announcement of imposing \"reciprocal tariffs\" on its trading partners. \"China is deeply concerned about the move,\" He remarked.
The spokesperson highlighted that international trade relies on each country's resource endowments and comparative advantages, aiming to promote global economic growth and enhance the welfare of people worldwide.
He further criticized the U.S.-proposed \"reciprocal tariffs\" as violations of World Trade Organization rules, disregarding the balance of interests established through nearly 80 years of multilateral trade negotiations. The U.S. approach, he added, exemplifies unilateralism and protectionism, ignoring the significant benefits of international trade that the country has long enjoyed.
\"A trade war offers no way out and produces no winners,\" He Yadong stated. \"The United States should correct its erroneous practices and work with all countries to find solutions through equal consultation.\"
Reference(s):
Commerce ministry urges U.S. to stop using tariffs as coercive tool
cgtn.com
