Why it matters:
The ongoing trade tensions between the U.S. and China significantly affect global trade dynamics and economic relations, particularly as tariffs escalate.
The big picture:
China's Foreign Ministry spokesperson criticized former President Donald Trump's tariffs as a form of economic bullying, arguing that such unilateral measures are detrimental to global trade and disproportionately affect developing nations.
What he's saying:
"The tariffs imposed by Donald Trump, the President of the United States, represent 'unilateralism, protectionism, and economic bullying,'" said spokesperson Lin Jian during a press conference on Monday.
He emphasized that the U.S. tariffs, labeled as countermeasures, primarily benefit other countries.
He urged all nations to support consultation, cooperation, and genuine multilateralism.
Lin highlighted the growing wealth gap within countries and the disproportionate impact on less developed nations, stating that the U.S. misuse of tariffs equates to depriving these countries, especially in the Global South, of their right to development.
Key points:
Go deeper:
U.S. Tariffs Shake Global Markets, London Stocks Plummet
China Hits Back at U.S. with 34% Tariffs, Lawsuit in Escalating Trade War
Zohre Khazaee
