‘No one will win a trade war,’ China says after Trump tariff threat

After US President-elect Donald Trump threatened to impose an additional 10 % tariff on all Chinese imports when he takes office on January 20, neither the United States nor China would win a trade war, the Chinese Embassy in Washington stated on Monday ( Nov 25 ).

China believes that cooperation between China and the US is related to economic and trade, according to Liu Pengyu, a spokesman for the Chinese Embassy.

” No one will get a business war or a tax war”, Liu said.

Trump stated that he would impose the levies until China stops the importation of methadone into the US.

Following an agreement reached last season between President Joe Biden and Chinese President Xi Jinping, Liu claimed that China had taken measures to combat drug trafficking.

According to Liu,” The Chinese area has informed the US side of the progress made in US-related legislation enforcement efforts against opioids.”

According to Liu,” all these demonstrate that the notion of China knowingly allowing fentanyl precursors to enter the US goes against both statistics and reality.”

After Xi and Biden agreed to resume mutual work next month, there has been progressive but noticeable improvement in co-operation.

In the US, stricter law enforcement measures have been put in place to combat illegal financing and increase the chemical controls, which have been a significant cause of death.

As Beijing and Washington unveiled a exceptional joint investigation into medicines in June, China’s leading counsel urged its law enforcement to concentrate on tackling drug trafficking.

China announced in August that it would tighten controls on three important chemicals used to manufacture fentanyl following a shared counternarcotics working group meeting.