During a recent press conference, the Chinese Foreign Ministry emphasized that trade or tariff wars result in no winners, in light of the latest threats of increased tariffs from the U.S. government.
Spokesperson Mao Ning highlighted that protectionist measures ultimately harm all parties involved. This statement was made following U.S. President Donald Trump’s announcement on imposing high tariffs on critical trading nations, which, although announced, will not be enforced until August 1.
The Foreign Ministry’s stance reflects a continued push for dialogue and resolution over escalating tensions in global trade practices.
Source: news.cgtn.com
