“Trade and tariff wars have no winners. Protectionism leads nowhere.” — Guo Jiakun, Chinese Foreign Ministry spokesperson
FOX BUSINESS
China announced Friday it will impose 34% tariffs on U.S. imports beginning April 10, mirroring the tariff hike unveiled by President Donald Trump earlier this week under his reciprocal trade policy.
“The U.S. announced tariff hikes on imports from many countries, including China, under the pretext of reciprocity. This gravely violates World Trade Organization rules,” said Chinese Foreign Ministry spokesperson Guo Jiakun. “We urge the U.S. to stop doing the wrong thing.”
Trump defended his strategy during a “Make America Wealthy Again” event, saying, “Jobs and factories will come roaring back… We will supercharge our domestic industrial base.”
Rep. Jeff Van Drew backed the move, stating, “This is about fairness… it’s about America first.”
Though concerns about price hikes persist, White House press secretary Karoline Leavitt insisted the plan “is going to work,” as both countries brace for the economic impact of rising protectionist policies.