China reaffirms tariff, trade wars serve no one's interests

Containers dock at the Lianyungang Port in Jiangsu Province, east China, June 24, 2026. /VCG Containers dock at the Lianyungang Port in Jiangsu Province, east China, June 24, 2026. /VCG The Chinese Foreign Ministry on Friday reaffirmed its consistent and clear-cut stance on China-US economic and trade issues, emphasizing that tariff and trade wars run counter to the interests of all parties involved.China opposes all forms of unilateral tariff measures, said Lin Jian, a spokesperson for the ministry, at a regular press briefing.Lin's remarks come after the United States said on Thursday that it will impose tariffs of 10 to 12.5% on imported goods from 60 economies starting on Friday, citing Section 301 of the Trade Act of 1974.