China is reportedly ready to begin negotiations with President Donald Trump, after calling fentanyl a United States problem and threatening to take “necessary countermeasures.”
According to the Wall Street Journal, the country is “readying an opening bid to try to head off greater tariff increases and technology restrictions from the Trump administration—a sign that China is eager to get trade talks going.”
This news comes after China signaled its intent to retaliate against the 10% on imports, which Trump established as a way to hold China, Mexico and Canada “accountable to their promises of halting illegal immigration and stopping poisonous fentanyl and other drugs from flowing into our country.”
In a statement issued on Sunday, a Chinese Foreign Ministry spokesperson said the tariffs were issued “under the pretext of the issue.”
“China firmly deplores and opposes this move and will take necessary countermeasures to defend its legitimate rights and interests,” they said. “China’s position is firm and consistent. Trade and tariff wars have no winners.”
They further claimed that the tariffs “severely violate” the rules of the World Trade Organization and would not “solve the U.S.’s problems at home and more importantly, does not benefit either side, still less the world.”
“China is one of the world’s toughest countries on counternarcotics both in terms of policy and its implementation. Fentanyl is an issue for the U.S.,” the spokesperson added.
“In the spirit of humanity and goodwill, China has given support to the U.S.’s response to this issue. At the U.S.’s request, China announced back in 2019 the decision to officially schedule fentanyl-related substances as a class. We are the first country in the world to do so,” the statement continued, noting that China has “conducted counternarcotics cooperation with the U.S. side in a broad-based way” stating that the “U.S. needs to view and solve its own fentanyl issue in an objective and rational way instead of threatening other countries with arbitrary tariff hikes.”
“China calls on the U.S. to correct its wrongdoings, maintain the hard-won positive dynamics in the counternarcotics cooperation, and promote the steady, sound and sustainable development of China-U.S. relationship.”
Meanwhile, Mexican President Claudia Sheinbaum has come to an agreement with Trump following a phone call that resulted in both countries agreeing to work together on a solution to the border crisis. As BizPac Review previously posted, Sheinbaum noted a one-month pause on all tariffs from both countries as the following agreements take effect:
1. Mexico will immediately reinforce the northern border with 10,000 members of the National Guard to prevent drug trafficking from Mexico to the United States, particularly fentanyl.
2. The United States is committed to working to prevent the trafficking of high-powered weapons to Mexico.
3. Our teams will begin working today on two fronts: security and trade.
[4.] They are pausing tariffs for one month from now.
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