China’s position in the trade dispute with the US was “on the straight side of history,” China said on Monday. The arch enemy has a massive 145 cent tax on US goods, which US goods have reacted with a 125 percentage tariff.
Zhao Chenxin, a leading Chinese economic official, claimed in a press conference that the US trade war may fail. We strongly believe that if you oppose the truth and the planet, you will only be isolated. Just by traveling the world and living morally can we predict the future. He even criticized the US for being unilateral and bullying, claiming that they “played cards out of thin air, drunk, and go back on their word,” according to Chenxin, according to news agency AFP.
Beijing also pledged to take more steps to protect the country’s sluggish economy from the effects of the conflict. China vowed to fight” to the end,” according to Chenxin.
China has acknowledged that its export-driven market is under pressure from the world economic changes. According to Yu Jiadong of the Chinese labor government,” Physical pressures are growing.” He continued,” The US’s repeated imposition of high tariffs has caused some export-oriented companies to have production and operational challenges and have had an impact on some workers ‘ jobs.”
