China warns US trade war will backfire, vows to protect economy amid escalating tensions with hefty tariffs.

Amidst escalating trade tensions with the US, China has asserted that it is on the “right side of history.” A top Chinese official, Zhao Chenxin, has warned that the US’s trade war could backfire, criticizing the unilateral actions taken by the US. Beijing has pledged to protect its economy in the face of hefty tariffs imposed by the US, acknowledging the pressures on exports and job impacts. This comes as part of China’s efforts to navigate through the trade war and its implications on the global economy. The statement by the Chinese official underscores the country’s resolve to defend its economic interests while also seeking a resolution to the trade dispute. The ongoing trade tensions between the two economic giants have reverberated across global markets, with implications for various industries and economies. China’s stance on the trade war reflects its determination to safeguard its economic stability and growth prospects. The developments in the US-China trade relations have been closely monitored by analysts and policymakers around the world, given their potential impact on the broader economic landscape. As the trade war continues to unfold, both countries are likely to explore avenues for negotiations and possible resolutions to mitigate the risks posed by the escalating tensions. The evolving dynamics of the US-China trade relationship have significant implications for the global trade environment and economic outlook. In this context, China’s assertion of being on the “right side of history” underscores its commitment to defending its economic interests and navigating through the challenges posed by the trade war. The coming months are expected to witness further developments in the US-China trade relations, with implications for businesses, investors, and policymakers worldwide.

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