China's Foreign Ministry has reaffirmed its stance that trade wars yield no victors, responding to renewed tariff threats from the U.S. administration. The remarks come as global markets brace for potential disruptions to supply chains and economic stability.
Ministry spokesperson Mao Ning emphasized Tuesday that 'protectionism hurts everyone's interests,' underscoring Beijing's commitment to dialogue over confrontation. The statement followed U.S. President Donald Trump's Monday letters proposing steep tariffs on key trading partners, though implementation was postponed until August 1.
Analysts suggest the delayed timeline offers a narrow window for negotiations. 'This isn't just about two economies – it's about stabilizing global trade frameworks,' said Li Wei, a Beijing-based trade policy researcher. 'Businesses worldwide are watching closely.'
With China being a linchpin in Asia's economic ecosystem, the developments carry implications for regional manufacturing hubs and international investors. The ministry's measured response aligns with its recent calls for multilateral cooperation through platforms like APEC and the WTO.
