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Trade War

‘There are no winners in trade wars,’ China’s Foreign Ministry says

Published

The Soro Enshi container ship sails from Yangshan Deep Water Port in Shanghai. (Qilai Shen/Bloomberg)

A Chinese Foreign Ministry spokesperson says “there are no winners in trade wars and tariff wars, and protectionism is not a way out.”

“What the U.S. should do is to correct its wrong practices and resolve trade disputes with all countries, including China, through consultations based on equality, mutual respect and mutual benefit.”

Guo Jiakun added that the tariffs violate WTO rules, “harm the common interests of people of all countries, and do not help solve the problems of the U.S. itself. It is clear to everyone that more and more countries are opposing the U.S.’s unilateral bullying actions, such as imposing tariffs.”

Christopher Bodeen, The Associated Press