{"id":138087,"date":"2025-03-07T07:35:34","date_gmt":"2025-03-07T05:35:34","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/china-slams-us-tariffs-there-are-no-winners-in-a-trade-war\/"},"modified":"2025-03-07T07:35:34","modified_gmt":"2025-03-07T05:35:34","slug":"china-slams-us-tariffs-there-are-no-winners-in-a-trade-war","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/en\/news\/china-slams-us-tariffs-there-are-no-winners-in-a-trade-war\/","title":{"rendered":"China slams US tariffs: \u2019There are no winners in a trade war\u2019"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\" method=\"post\" data-trp-original-action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button\" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/en\/wp-json\/wp\/v2\/posts\/138087\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <input type=\"hidden\" name=\"trp-form-language\" value=\"en\"\/><\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\n<p>Chinese Foreign Ministry spokesperson Lin Jian denounced US Defence Secretary Pete Hegseth\u2019s statement that the US is \u201cprepared\u201d to go to war with China following Beijing\u2019s warning over escalating trade tensions. China sharply criticised higher tariffs imposed by the US under the Trump administration, with Chinese Foreign Ministry spokesperson Lin Jian denouncing the move as a war that &#8221;should not be fought and cannot be won.&#8221;<\/p>\n<p>Chinese Commerce Minister Wang Wentao echoed the sentiment: &#8221;Coercion and threats will not work on China, nor will they scare China. China\u2019s determination to defend its own interests is unswerving,&#8221; Wang said, adding that \u201cthere are no winners in a trade war.\u201d The Trump administration has raised tariffs on imports from China twice since taking office in January. China has hit back with duties and other restrictions on American goods and companies. Wang said China expects mutual respect in its dealings with other countries. \u201cIf the American side goes further down this wrong path, we will continue to respond in kind,\u201d he said. \u201dWe will fight to the end.\u201d<\/p>\n<p>Still, he stressed that China is open to resolving differences over trade. \u201cOur two sides can meet at an appropriate time and our teams can also have communication as early as possible,\u201d he said. Blaming China for the US fentanyl problem \u2014 Trump\u2019s stated reason for imposing 20% tariffs on all imports from China \u2014 won\u2019t solve the problem, he said.<\/p>\n<p>He spoke on the sidelines of the annual session of China&#8217;s national congress, and also reiterated Beijing&#8217;s calls for talks. He noted that China\u2019s role as a main trading partner of 140 nations means it has plenty of options. Wang and other officials outlined Beijing&#8217;s strategies for building its economy and financial markets, but did not announce any major new initiatives.<\/p>\n<p>Wang acknowledged that Chinese exporters face serious challenges but said Beijing is encouraging companies to participate in trade shows and to expand globally. The Chinese government is also expanding its financial support for export credit and hopes to increase trade in services and e-commerce. \u201cWe do not put all our eggs in one basket,\u201d he said.<\/p>\n<p>A slump in China&#8217;s housing market and lackluster share prices, scant social welfare and job losses since the COVID-19 pandemic have weighed on China&#8217;s economy, dragging on growth. Zheng Shanjie, head of the National Development and Reform Commission, China\u2019s main national planning agency, acknowledged that forecasts for economic growth for 2025 tend to be around 4.6% to 4.8%, below the government&#8217;s target of \u201caround 5%.\u201d<\/p>\n<p>Zheng said the government is drafting a \u201cspecialised plan of action\u201d to encourage more consumer spending and investment. He did not provide specific details. China will spend more on \u201clivelihood and consumption,\u201d Finance Minister Lan Fo-an said, promising more help for deeply indebted local governments and bigger investments in education, social security and public health.<\/p>\n<p>\u201cWe will make sure that every coin is well spent,\u201d Lan said, adding that \u201cthe central government has left ample room for policy to be implemented.\u201d<\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.euronews.com\/my-europe\/2025\/03\/06\/china-slams-us-tariffs-there-are-no-winners-in-a-trade-war\">Euronews<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/csr-news-en\/china-slams-us-tariffs-there-are-no-winners-in-a-trade-war\/\">China slams US tariffs: &#8217;There are no winners in a trade war&#8217;<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[18155,555],"class_list":["post-138087","post","type-post","status-publish","format-standard","hentry","category-news","tag-china-slams-us-tariffs","tag-csr-news-en"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/138087","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/comments?post=138087"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/138087\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/media?parent=138087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/categories?post=138087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/tags?post=138087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}