China on Thursday urged the United States (US) to immediately cancel its latest tariffs and vowed countermeasures to safeguard its own interests, after President Donald Trump declared sweeping levies on all U.S. trading partners around the world. The U.S. move disregards the balance of interests reached in multilateral trade negotiations over the years and the fact that it has long benefited greatly from international trade, the Chinese Commerce Ministry said in a statement. “China firmly opposes this and will take countermeasures to safeguard its own rights and interests,” the ministry said, as the world’s largest economies look set to spiral deeper into a trade war that stands to upend global supply chains.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Japan issues tsunami advisory for islands in eastern side

Japan issued an advisory for a tsunami of 1 metre for the…

Moscow calls for release of Afghan assets

Islamabbad: The Russian foreign ministry spokesperson Maria Zakharova asserted that Moscow upholds…

Israeli settlers attack Palestinian ambulance near Nablus

Israeli settlers attacked a Palestine Red Crescent ambulance in the occupied West…

Polls open in Somaliland presidential election

Polling stations across Somalia’s breakaway region of Somaliland opened for a presidential…