China responds to Trump's additional 10% tariff: There will be no winners in the trade war and tariff war

ChainCatcher news, according to Jinshi reports, on November 25 local time, U.S. President-elect Trump stated that a 25% tariff will be imposed on all products entering the U.S. from Mexico and Canada. In addition, Trump also announced an additional 10% tariff on Chinese goods.

Liu Pengyu, spokesperson for the Chinese Embassy in the United States, responded to this in a statement to the media, saying, "Regarding the issue of the U.S. imposing tariffs on China, China believes that the essence of China-U.S. economic and trade cooperation is mutual benefit and win-win. There will be no winners in a trade war and tariff war."