China slams US trade war for damaging its own economy

China’s Foreign Ministry spokesperson, Mao Ning, has stated that the US authorities have caused harm to their own economy through the ongoing trade war initiated by Washington against the global market.

During a regular press briefing, Mao Ning emphasized that the foundation of trade and economic cooperation between China and the US lies in mutual benefit and win-win collaboration, Caliber.Az reports via Russian media. 

She noted that the US has been waging a trade war against the world for several years. 

"The US trade deficit has not decreased; on the contrary, it has increased. Last year, it remained high at $918.4 billion," Mao Ning said, underscoring the adverse impact of the trade war on the US economy.

Mao Ning condemned the current situation, where only one party benefits while the other "suffers."

She further stated that, despite the US efforts to reshape the narrative, it would not be able to hide the politicization of trade and economic issues, which are being used as tools to suppress China. 

"Tariff or trade wars begin by causing harm to others but ultimately end up harming the instigator. The US must learn from this and change its course," she added, urging a shift in US policy toward more constructive trade practices.

Previously, US Secretary of the Treasury Scott Bessent repeatedly claimed that China’s economy is allegedly overly reliant on exports. He noted that Washington aims for "fair and equitable" trade with Beijing. US President Donald Trump signed an executive order to raise additional tariffs on Chinese imports from 10 per cent to 20 per cent, citing China's failure to take sufficient measures to combat the smuggling of the synthetic opioid fentanyl into the US.

According to the General Administration of Customs of China, trade turnover between the two countries in January and February amounted to $102.06 billion, showing a 2.4 per cent year-on-year increase. China's exports to the US grew by 2.3 per cent (to $75.55 billion), while imports from the US increased by 2.7 per cent (to $26.51 billion).

By Naila Huseynova