Chinese Ambassador to the United States Xie Feng said on Saturday that China firmly opposes tariff war or trade war of any form, and will take resolute countermeasures against any imposed on the country.
Speaking at a Traditional Chinese Medicine (TCM) opening event at the Chinese embassy in Washington, D.C., Xie called for drawing inspiration from traditional Chinese medicine to address the challenges of the time.
Citing an ancient Chinese saying that "the greatest physicians save a country and the second greatest save individuals," Xie said the Chinese civilization advocates promoting the common good of the entire world and benefiting each human being.
"Globalization, connectivity and complementary advantages are the foundation of global prosperity over the past decades, and the path countries must take to achieve sustained common development. Weaponizing interdependence would only cause self-isolation and backfire, and tariff barriers would clog the flow of international trade and devastate the health of world economy," Xie stressed.
If global industrial and supply chains are blocked, countries would face a supply shortage and soaring prices, which would eventually hurt everyone's wellbeing, he said, adding that the fundamental way out is to ensure the smooth flow of world economy so as to keep it robust and vibrant.
Tariff barriers to devastate world economy: Chinese ambassador to US
Tariff barriers to devastate world economy: Chinese ambassador to US
Tariff barriers to devastate world economy: Chinese ambassador to US
