On November 25 local time, U.S. President-elect Trump stated that a 25% tariff would be imposed on all products entering the U.S. from Mexico and Canada. Additionally, Trump announced an extra 10% tariff on Chinese goods. Liu Pengyu, spokesperson for the Chinese Embassy in the U.S., responded in a statement to the media, saying, 'Regarding the U.S. tariffs on China, China believes that the essence of Sino-U.S. economic and trade cooperation is mutual benefit and win-win; there will be no winners in a trade war or a tariff war.' (Jinshi)