On February 1, the administration of US President Donald Trump announced new tariffs on China and other countries, citing issues related to fentanyl. This move has been criticized as a political stunt that abuses national emergency powers through tariff hikes.
Experts argue that such an approach is detrimental not only to the United States but also to the global economy. The imposition of these tariffs is expected to backfire both domestically and internationally, leading to economic instability.
The following day, a spokesperson for China's Ministry of Commerce responded by stating that the unilateral imposition of tariffs by the US seriously violates World Trade Organization (WTO) rules. This action not only fails to address the domestic issues within the US but also undermines economic and trade cooperation between China and the US.
The escalating trade tensions highlight the fragile nature of international economic relations and the potential long-term consequences of using emergency powers for political maneuvers.
Reference(s):
US abuse of national emergency powers harms itself and world
cgtn.com
