Countermeasures vowed on US tariff threat

China will likewise be charged an additional 10 percent tariff on that date,

he added, referring to March 4.

It is also practical for China to further strengthen business ties with economies participating in the Belt and Road Initiative,

said Xu

China suffers from that, and the US suffers from that, and the whole world also suffers from that. There are some calculations that both the US and China lose some growth then from that tariff,

said Sun,

But the US side has always ignored these facts,

it said

China is one of the countries with the strictest and most thorough anti-narcotics policy in the world,

the statement read

The achievements we have made are there for all to see,

the spokesperson said, noting

The Chinese side has repeatedly stressed that there is no winner in a trade war or a tariff war,

the spokesperson stressed,

If the U.S. insists on its own way, China will take all necessary countermeasures to defend its legitimate rights and interests,

a Ministry of Commerce spokesperson said in a statement, translated by CNBC

China urges the US not to repeat its mistakes and to return to the correct path of resolving disputes through equal dialogue as soon as possible,

the statement said

Even if it is not in the general interest, we too must protect our interests and the interests of the countries of the Union,

Lombard said

Compared with his first term, Trump's protectionist tariff policy now has another goal of collecting money to reduce the US' enormous debt. That's why the Trump administration is in such a rush to impose tariffs on its major trade partners like Canada and Mexico,

Bao Jianyun, director of the Center for International Political Economy Studies at Renmin University of China, told the Global Times on Friday

Today, the standing of China and the US in global industrial chains and international trade has changed compared with what they were during Trump's first term - China is on the rise while the US is shrinking. In the long term, the US' abuse of tariffs may accelerate the downward trend of the US in global influence,

he said, noting

China has repeatedly stated that unilateral tariffs violate World Trade Organization rules and undermine the multilateral trading system,

a Commerce Ministry spokesperson said in a statement

There are ongoing discussions with the Chinese, Mexico and Canada,

a White House official told Reuters

There's been a lot of motion, but it's still not clear exactly what the Trump administration's fundamental goal is with respect to China,

said Christopher Beddor, deputy China research director at Gavekal Dragonomics

The fentanyl issue is just an excuse the U.S. uses to impose tariffs on, pressure and blackmail China, and they punish us for helping them,

the spokesperson said

Lin Jianspokesperson

We are the first country in the world to do so,

Lin said

Putting tariffs on imports from Canada and Mexico risks undermining America's relationship with our closest trading partners and allies and has the potential to affect the price and availability of everything from avocados to automobiles,

NFTC President Jake Colvin said in a Feb 1 statement

Adding new and expanded tariffs will harm working families."

Tiffany Smith, vice-president of global trade policy for the National Foreign Trade Council (NFTC) in Washington DC, told China Daily

China firmly opposes this and has taken corresponding countermeasures, which was a necessary move to safeguard its own legitimate rights and interests,

Wang said in a letter to newly confirmed US Trade Representative (USTR) Jamieson Greer