China rebukes Trump’s tariff threats on trade issues

China has criticized President-elect Donald Trump’s proposed tariffs on Chinese goods, attributing the U.S. opioid crisis to that country’s policies.

Trump announced plans to impose a 10% tariff to pressure China regarding fentanyl trafficking. He had previously hinted at tariffs of over 60% during his campaign.

Chinese commerce ministry spokesperson He Yadong reiterated China’s stance against unilateral tariffs, emphasizing that such measures would not resolve U.S. issues. He called for adherence to World Trade Organization rules and collaboration to foster stable trade relations.

Analysts predict a contentious four-year trade conflict, potentially more severe than the previous trade war marked by tariffs between 7.5% and 25%. Howard Lutnick, Trump’s nominee for Commerce Secretary, indicated tariffs could rise to 200% in response to what he characterized as a Chinese attack on America through fentanyl.

Chinese media have warned that new tariffs could lead to a damaging trade war between the two countries.

They praised certain U.S. companies for their collaboration amidst rising tensions, a pattern reminiscent of the prior trade conflict.

In that context, the state-owned Global Times highlighted companies like Apple and Tesla, advocating for U.S. policymakers to facilitate a favorable business environment.