A statement from China’s Finance Ministry:
“The U.S. side’s imposition of excessively high tariffs on China seriously violates international economic and trade rules, runs counter to basic economic principles and common sense, and is simply an act of unilateral bullying and coercion.”
“Even if the U.
S. continues to impose even higher tariffs, it would no longer have any economic significance and would go down as a joke in the history of world economics.”