Senior Chinese official warns that any future US tariff hikes will backfire
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Euronews.com
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Vice Commerce Minister Wang Shouwen responded to concerns about US President-elect Donald Trump's proposed 60% tariffs on Chinese imports, stating it would not address the US trade deficit and could increase inflation. He emphasized the importance of stable economic relations between China and the US, noting China's foreign trade growth. Despite a positive outlook, the threat of tariffs poses challenges for China's economy, which is already facing issues like local government debt and high youth unemployment. Teljes cikk (Euronews.com)