Amidst escalating trade tensions with the US, China is asserting its position on the “right side of history.” A top Chinese official, Zhao Chenxin, has warned that the ongoing trade war with the US could have negative consequences and criticized the unilateral actions taken by the US. Beijing has pledged to safeguard its economy in the face of pressures on exports and job impacts resulting from the hefty tariffs imposed by the US. The trade dispute between the two economic giants has been a cause for concern globally, with repercussions felt across various industries. China’s stance on the matter reflects its determination to protect its interests and maintain stability in the face of external challenges. The ongoing trade tensions have raised uncertainties in the global market and have the potential to disrupt supply chains and economic growth. As both countries continue to engage in negotiations and tit-for-tat measures, the outcome of their trade dispute remains uncertain. The international community is closely monitoring the situation, as the repercussions of the trade conflict could have far-reaching effects on the global economy.

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