China’s Ministry of Commerce on Friday issued a statement calling on countries to take “joint actions” against the United States over President Donald Trump’s new trade policies.
China in the statement accused the Trump administration of being “fickle” and “provoking a trade war” by imposing massive tariffs on China.
“This move is not only damaging bilateral interests but also undermining the world trade order,” the statement said. “China firmly opposes this.”
The ministry as retaliation vowed to impose tariffs “of the same scale” on the U.S.
“We will immediately introduce taxation measures of the same scale and strength,” the statement said. “All the economic and trade achievements previously reached by the two parties will no longer be valid at the same time.”
Trump on Friday morning announced that the U.S. would impose 25 percent tariffs on $50 billion in Chinese products.
The tariffs come after several months of escalating trade threats between Trump and Chinese President Xi Jinping.
“My great friendship with President Xi of China and our country’s relationship with China are both very important to me,” Trump said Friday. “Trade between our nations, however, has been very unfair, for a very long time. This situation is no longer sustainable.”
Trump in the statement also said that the U.S. would impose additional tariffs on Chinese goods if China decides to retaliate.
Meanwhile, China said in its statement that while it “does not want to fight a trade war, it has to respond strongly.”
“We call on all countries to take joint actions, resolutely put an end to this outdated and regressive behavior, and firmly defend the common interests of humankind.”
EU countries together with Canada also criticized Trump for starting a trade war, threatening to isolate the U.S. as retaliation.
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