1. Homepage
2. International
3. Neither China, Nor US Will Benefit From Waging Trade War

1 month ago 30

Neither China, Nor US Will Benefit From Waging Trade War

WASHINGTON (Sputnik) - Economic and trade cooperation between China and the United States is mutually beneficial, and a trade war will not bring victory to either side, Liu Pengyu, a spokesperson for the Chinese Embassy in Washington, told Sputnik.

Liu was commenting on US President-elect Donald Trump's threat to add additional 10% tariff on all goods from China.

Analysis

Trump vs Harris: Will it Make Any Difference to China, Middle East?

27 October, 16:05 GMT

Earlier in the day, Trump promised to add 10% to export duties on goods from China until the problem of drug trafficking from the country is resolved.

"About the issue of US tariffs on China, China believes that China-Us economic and trade cooperation is mutually beneficial in nature. No one will win a trade war or a tariff war," Liu said.

Trump has previously repeatedly criticized China's economic policies and threatened to impose new tariffs on goods from China.