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Beijing: Neither the US nor China will gain from a trade war

The statement comes after Trump threatened to impose additional tariffs on all Chinese goods

Nov 26, 2024 05:09 82

Beijing: Neither the US nor China will gain from a trade war  - 1

Neither the US nor China will gain from one trade war, the spokesman for the Chinese Embassy in Washington, Liu Pengwei, said in a statement today, quoted by Reuters and BTA.

The statement comes after US President-elect Donald Trump threatened to impose an additional 10 percent tariff on all Chinese goods when he takes office.

China believes that US-China economic cooperation is mutually beneficial in nature, the spokesman added.

Chinese Ambassador to Australia Xiao Qiang said today, for his part, that US trade policy towards China and other countries will also have an impact on relations between Canberra and Beijing.

„American trade policy towards China and other countries will have an impact and is an important element that we need to consider,”, Xiao said at a news conference in Canberra in response to a question about whether Trump's planned tariffs on trade with China would have an impact impact on bilateral relations between Australia and the Asian economic giant.

Xiao made the remarks shortly after Trump announced plans to impose additional tariffs of 10 percent on imports from China, as well as 25 percent on all imports from Mexico and Canada, according to Reuters.