President Trump's new tariffs on Chinese goods have taken effect following failed negotiations between the U.S. and China. These tariffs, set at 10%, exacerbate existing tariffs and are linked to accusations against China regarding fentanyl trafficking. In response, China condemned the tariffs and vowed to protect its rights, signaling potential countermeasures, despite its economic struggles. Experts express concerns about China's ability to retaliate effectively due to its fragile economic situation, suggesting that escalating trade wars may not benefit either nation in the long term.
"Trade and tariff wars have no winners," a Foreign Ministry spokesperson said Sunday, calling on the United States to "correct its wrongdoings."
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