A Chinese envoy has voiced opposition to the U.S. decision to increase tariffs at a press conference at the United Nations Headquarters in New York at the start of China's presidency of the Security Council.
In response to the U.S. tariff increase on China, China's Permanent Representative to the UN Fu Cong said that it violated WTO rules and emphasized that there are no winners in a trade war.
#china #trump #tariffs #us #chinausrelations
In response to the U.S. tariff increase on China, China's Permanent Representative to the UN Fu Cong said that it violated WTO rules and emphasized that there are no winners in a trade war.
#china #trump #tariffs #us #chinausrelations
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00:00We are firmly opposed to this unwarranted increase
00:04and we do believe that this is in violation of the WTO rules.
00:08So that's why China is filing a complaint at this WTO
00:14and also we may be forced to take countermeasures.
00:20And let me also emphasize that there is no winner in a trade war
00:26and we do hope that the U.S. would look at its own problems,
00:34really find a solution that is beneficial to itself and also to the whole world.
00:42And frankly speaking, I don't think that raising tariffs is beneficial to the U.S. itself.