INTERNATIONAL
China says trade wars have no winners after US court blocks Trump tariffs
Chinese foreign ministry spokesperson Mao Ning speaking at news conference, Beijing, China, May 29, 2025. - REUTERS
BEIJING: The Chinese foreign ministry on Thursday (May 29) said there are no winners in tariff wars and warned that "protectionist actions risk undermining global economic stability and will ultimately become unpopular".
AI Brief
Speaking at a regular news conference, foreign ministry spokesperson Mao Ning’s reiterated the country's position on tariffs, after a U.S. trade court blocked most of President Donald Trump's tariffs in a sweeping ruling on Wednesday (May 28), finding that the president had overstepped his authority by imposing across-the-board duties on imports from U.S. trading partners.
The Court of International Trade said the U.S. Constitution grants Congress exclusive authority to regulate commerce with other countries - an authority that is not overridden by the president's emergency powers to safeguard the U.S. economy.
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AI Brief
- A US court ruled Trump exceeded his authority with broad import tariffs.
- The court emphasised only Congress can regulate international trade.
- China reiterated its opposition to unilateral tariffs and urged legal compliance.
Speaking at a regular news conference, foreign ministry spokesperson Mao Ning’s reiterated the country's position on tariffs, after a U.S. trade court blocked most of President Donald Trump's tariffs in a sweeping ruling on Wednesday (May 28), finding that the president had overstepped his authority by imposing across-the-board duties on imports from U.S. trading partners.
The Court of International Trade said the U.S. Constitution grants Congress exclusive authority to regulate commerce with other countries - an authority that is not overridden by the president's emergency powers to safeguard the U.S. economy.
ALSO READ - US judge blocks Trump from suspending Biden-era migrant 'parole' programs