Geopolitical comments: China's Yi says that tariffs produce no winnersPres. Trump is focused on reciprocal tears and unfair trade practices to start his 2.0 term . He has imposed 10% tariffs on all China goods. He also announced a study on reciprocal tariffs, and said that reciprocal tariffs will be imposed on countries that tariff US goods.
There will be the fight back.
- China's Wang Yi says that protectionism does not provide a way out and arbitrators produce no winners
In an interesting comment from Mexico's President he says:
- If US declares Mexican cartels terrorist organizations, Mexico will have to expand suits against US gunmakers
This article was written by Greg Michalowski at www.forexlive.com.
Source: Geopolitical comments: China's Yi says that tariffs produce no winners (https://www.forexlive.com/news/geopolitical-comments-chinas-yi-says-that-tariffs-produce-no-winners-20250214/)
forexlive.com