Trade war deepens: China warns against US tariff move

Speaking to reporters aboard Air Force One, US President Donald Trump evaluated the possibility of reaching a trade deal with China. Trump stated, "We are losing hundreds of billions of dollars every year because of China. I don't plan on making a deal unless we solve this problem. I am ready to make a deal with China, but they need to solve this issue regarding the trade deficit."

The US leader also reiterated his claim that China is "suffering greatly."

WARNING FROM CHINA: THE GAP BETWEEN RICH AND POOR COUNTRIES WILL GROW

Chinese Foreign Ministry Spokesperson Lin Jian evaluated US President Donald Trump's announcement of "reciprocal" tariffs on imports from other countries during today's press conference.

Lin stated, "The US abuse of tariffs is equivalent to depriving countries, especially those in the Global South, of their right to development," and continued as follows:

Analysis of World Trade Organization data shows that in the context of unequal economic development and economic power, the US policy of increasing customs duties will further widen the gap between rich and poor countries. Furthermore, less developed countries will be affected more. This will seriously disrupt efforts to achieve the United Nations' 2030 Agenda for Sustainable Development.

News Source: 12punto