Neither the United States nor China would win a trade war, the Chinese Embassy in Washington said on Monday, after U.S. President-elect Donald Trump threatened to slap an additional 10% tariff on all Chinese imports when he takes office on Jan. 20.
Neither the United States nor China would win a trade war, the Chinese Embassy in Washington said on Monday, after U.S. President-elect Donald Trump threatened to slap an additional 10% tariff on all Chinese imports when he takes office on Jan. 20.
"About the issue of US tariffs on China, China believes that China-US economic and trade cooperation is mutually beneficial in nature," Chinese Embassy Spokesperson Liu Pengyu said in a statement.
"No one will win a trade war or a tariff war," Liu said.
Trump said he would impose the tariffs until China stops the flow of illegal drugs, particularly fentanyl, into the United States.
In the statement, Liu said China had taken steps to combat drug trafficking after an agreement was reached last year between President Joe Biden and Chinese President Xi Jinping.
"The Chinese side has notified the US side of the progress made in US-related law enforcement operations against narcotics," Liu said.
"All these prove that the idea of China knowingly allowing fentanyl precursors to flow into the United States runs completely counter to facts and reality," Liu said.
There has been incremental but visible progress in co-operation over shutting down illicit traffic in chemicals used to produce deadly fentanyl after Xi and Biden agreed to resume joint efforts last year.
The United States, where fentanyl abuse has been a major cause of death, has pushed China for tougher law enforcement, including tackling illicit finance and clamping further controls on the chemicals.
In June, China's top prosecutor urged its law enforcement officials to focus on combating drug trafficking, as Beijing and Washington unveiled a rare joint investigation into drugs.
In August, days after a meeting of a joint counternarcotics working group, China said it would tighten controls on three chemicals essential for making fentanyl.
Iran’s Supreme Leader Mojtaba Khamenei warned “foreigners who commit evil” have no place in the Gulf, outlining a “new phas...
A freight train carrying Russian grain and fertiliser has departed Azerbaijan for Armenia, continuing transit flows across the South Caucasus....
China has passed a new law aimed at ensuring its most vulnerable citizens are not left without support....
Tashkent hosted the INMerge Innovation Summit Roadshow, bringing together start-ups, investors and technology leaders to explore the future of Cent...
A European Parliament resolution on Armenia is stirring debate beyond Brussels, with its wording raising concerns in Azerbaijan as peace talks gath...
China has passed a new law aimed at ensuring its most vulnerable citizens are not left without support.
From Thursday, 1 May, goods from every African country with diplomatic ties to China will be able to enter the Chinese market without paying import duties.
In the Gulf, U.S. military bases have long been central to regional security. But rising tensions and shifting global dynamics are prompting new questions about what they protect - and whose interests they serve.
A humanoid robot called Sophia took an unusual place at the heart of a classical concert in Hong Kong on Wednesday (29 April), as she performed alongside a live orchestra for the first time.
A report published by Minval Politika has raised new questions over alleged efforts by Luis Moreno Ocampo to shape international pressure against Azerbaijan and influence political dynamics around Armenia.
A Pentagon official provided the first official estimate of the cost of the U.S. war in Iran on Wednesday (29 April), telling lawmakers that $25 billion had so far been spent on the conflict, most of it on munitions. Earlier, Donald Trump said that the U.S. had "militarily defeated" Tehran.
Shares in Meta Platforms fell sharply in extended trading on Wednesday after the tech giant raised its annual capital spending forecast by billions of dollars.
Iran’s Supreme Leader Mojtaba Khamenei warned “foreigners who commit evil” have no place in the Gulf, outlining a “new phase” for the Strait of Hormuz, while a senior adviser said U.S. blockade efforts would fail and could trigger confrontation.
Tensions between the United States and Iran remain high after a U.S. official said President Donald Trump was unhappy with a proposal from Tehran that does not deal with its nuclear programme. Washington is insisting that any talks must address Iran’s nuclear activities.
China has passed a new law aimed at ensuring its most vulnerable citizens are not left without support.
China has warned the U.S. that Taiwan will dominate next month’s summit in Beijing, raising pressure on Washington and concern in Taipei over any shift in long-standing American policy.
Shares in Meta Platforms fell sharply in extended trading on Wednesday after the tech giant raised its annual capital spending forecast by billions of dollars.
From Thursday, 1 May, goods from every African country with diplomatic ties to China will be able to enter the Chinese market without paying import duties.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for the 30th of April, covering the latest developments you need to know.
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