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US Court Orders Ban on Reciprocal Tariffs; CN MoFA: Tariff Wars Ultimately Unpopular
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The US Court of International Trade ruled that US President Donald Trump's reciprocal tariffs are illegal and exceed presidential authority, ordering their revocation of reciprocal tariffs. Regarding the tariff issue, China has repeatedly made clear its position that there are no winners in tariff and trade wars, and that protectionism is detrimental to the interests of all parties and is ultimately unpopular, Mao Ning, a spokesperson for the Ministry of Foreign Affairs of the PRC (MoFA), said. AAStocks Financial News Website: www.aastocks.com |
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