ChainCatcher News, according to Jinshi reports, on November 25 local time, U.S. President-elect Trump stated that a 25% tariff will be imposed on all products entering the United States from Mexico and Canada. Furthermore, Trump announced an additional 10% tariff on Chinese goods.

Liu Pengyu, spokesperson for the Chinese Embassy in the United States, responded to the media in a statement, 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 tariff war.'