• About us
  • Advertise
  • Privacy & Policy
  • Contact
Friday, May 9, 2025
  • Login
NewsPeg Magazine logo
  • Home
  • News
    • World
    • Business
    • Politics
  • Technology
  • Entertainment
    • Sports
  • Lifestyle
    • Health
No Result
View All Result
  • Home
  • News
    • World
    • Business
    • Politics
  • Technology
  • Entertainment
    • Sports
  • Lifestyle
    • Health
No Result
View All Result
NewsPeg Magazine logo
No Result
View All Result
Home News Politics

China Urges Global Unity Against U.S. Trade Protectionism

Admin by Admin
April 18, 2025
in Politics, Top stories
Reading Time: 4 mins read
0
China Urges Global Unity Against U.S. Trade Protectionism
Share on FacebookShare on TwitterShare on Whatsapp

By: Mnena Iyorkegh, Abuja

China has described the recent U.S. tariff increase on various nations as a step backward in global trade. It stressed that the tariffs represent a global trade war, rather than a reciprocal trade war targeting China alone.

The Chinese Ambassador to Nigeria, Yu Dunhai, stated this during a press conference in Abuja. He emphasized that the measures taken by the U.S. to address its perceived trade deficits should not be accepted.

The envoy noted that China will always defend itself against such retrogressive policies, which have a devastating impact on other nations, including African economies. He maintained that the issue should not be seen merely as a trade war between the U.S. and China, but rather as a war being waged on the entire international community.

U.S. President Donald Trump had imposed global tariffs on all trading partners, claiming that the U.S. had been cheated, resulting in massive trade deficits. This action has generated shockwaves globally, leading to currency devaluation and stock market volatility in Africa and other developing countries.

Ambassador Yu explained that China is ready for negotiations with the U.S. based on the principles of equality and a conducive environment.

“The U.S. tariff policies are particularly devastating for African nations. Using the absurd logic that ‘trade surpluses equate to cheating,’ the U.S. has launched indiscriminate attacks on African countries, violating WTO principles that grant special treatment to developing nations. This has already caused ‘collateral damage,’ such as currency devaluation and stock market volatility in Africa. The growth momentum of major African economies will inevitably be affected, with structurally vulnerable economies possibly suffering severe blows—undermining Africa’s industrialization and poverty reduction efforts.

“No country can remain immune in the face of bullying and coercion. Appeasement will only invite further aggression. The international community must unite and push back to defend our shared interests. Today, opposing U.S. tariff abuse and bullying means upholding multilateralism, fairness, and justice.”

He further stated that: “Pressure and threats are not the right way to deal with China. China has taken—and will continue to take—firm measures to safeguard its sovereignty, security, and development interests.”

The envoy explained that: “The U.S. actions severely infringe upon the legitimate rights and interests of other countries, blatantly violate WTO rules, seriously undermine the rules-based multilateral trading system, and destabilize the global economic order.”

He expressed confidence that the world’s second-largest economy and consumer market will continue to thrive, regardless of changes in the international landscape. He added that China will continue to advance high-level openness, and promote trade and investment liberalization and facilitation.  

“We will foster a first-class, market-oriented, law-based, and internationalized business environment. We will share our development opportunities with the world to achieve mutual benefits”.

He asserted “In this imposed tariff war, China stands on the right side of history, and on the side of fairness and justice. We have the confidence and resolve to withstand all threats and blackmail. Domestically, we enjoy the unwavering support of our people, a vast market of 1.4 billion consumers, and a comprehensive industrial chain. China’s economy grew by 5.4% in the first quarter. Over the past decades, China has contributed around 30% to global economic growth, serving as a key engine for the world economy”, he noted

He, however, noted that the current tariff crisis provides opportunities for China-Nigeria cooperation, pointing out that the relationship between both countries is built on mutual respect, equality, mutual benefit, and win-win cooperation.

“China and Nigeria are key trade partners, with bilateral trade consistently reaching around $22 billion—among the highest in Africa. Following last year’s agreement on Nigerian peanut exports to China, China remains open to further expanding imports of Nigerian goods, signaling broad prospects for future economic cooperation.”

*As Africa’s most populous country, a major economy, and a leading voice of the Global South, Nigeria holds significant influence. China is ready to work with Nigeria to implement the outcomes of the FOCAC Summit and the consensus reached between our leaders, to deepen mutually beneficial collaboration. Together, we will uphold the multilateral trading system, resist protectionism, and foster an open, inclusive, and fair international environment.

Our shared goal is to promote an equal and orderly multipolar world and a universally beneficial, inclusive economic globalization—building a community with a shared future for humanity”, he said 

He reiterated that for the world to reach its full potential, global leaders must pursue peace, development, cooperation, and shared prosperity.

ShareTweetSend
Previous Post

Plateau Security: OPSH Organizes Extensive Stakeholders Engagement, Assures Justice for Recent Attacks

Next Post

EFCC Boss Charges Christians to Rededicate to Anti-Graft Values at Easter

Admin

Admin

Related Posts

INEC Debunks Fake Reports on Voter Registration Resumption
Top stories

INEC Debunks Fake Reports on Voter Registration Resumption

May 4, 2025
Top stories

VIOLATIONS: TRIBUNAL UPHOLDS FCCPC’S $220 MILLION FINE AGAINST META AND WHATSAPP

April 25, 2025
NYSC, NDLEA Forge Partnership to Enhance Counselling and Rehabilitation Efforts
Top stories

NYSC, NDLEA Forge Partnership to Enhance Counselling and Rehabilitation Efforts

April 24, 2025
Next Post
EFCC Boss Charges Christians to Rededicate to Anti-Graft Values at Easter

EFCC Boss Charges Christians to Rededicate to Anti-Graft Values at Easter

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Editor's Choice

 6 Brigade Troops Apprehend Four Suspected Terrorists, Seize Weapons and Ammunition in Taraba

 6 Brigade Troops Apprehend Four Suspected Terrorists, Seize Weapons and Ammunition in Taraba

May 7, 2025
NYSC DG Pays Visit to Ailing Corps Member in Yola

NYSC DG Pays Visit to Ailing Corps Member in Yola

May 7, 2025
  • Trending
  • Comments
  • Latest
DICON-D7G Nigeria Limited Board Inaugurated to Enhance National Security and Self-Reliance

DICON-D7G Nigeria Limited Board Inaugurated to Enhance National Security and Self-Reliance

March 19, 2025

Coalition Dismisses Arrest Warrant Claim Against Aisha Achimugu

March 18, 2025
CACO Launches Nigeria Localization Barometer Project in Abuja

CACO Launches Nigeria Localization Barometer Project in Abuja

November 11, 2024

Mrs Zubaida Umar takes over the Helm of Affairs at NEMA

March 20, 2024

MEDIA FOUNDATION SEEKS UPGRADED DIGITAL INFRASTRUCTURE IN NIGERIA

4

Easter/Eid-el-Fitr: FRSC Records Massive Reduction in Road Crashes.

2
GSAI TRAINS JOURNALISTS TO INTENSIFY ENGAGEMENTS REVOLVING AROUND INVOLVEMENT OF WOMEN IN POLITICS AND GOVERNANCE

GSAI TRAINS JOURNALISTS TO INTENSIFY ENGAGEMENTS REVOLVING AROUND INVOLVEMENT OF WOMEN IN POLITICS AND GOVERNANCE

2

IDENTIFYING BARRIERS TO WOMEN’S POOR REMUNERATIONS, IT’S EFFECTS ON HOUSEHOLD.  LACK OF INCLUSIVE LABOUR LAWS?

2
 6 Brigade Troops Apprehend Four Suspected Terrorists, Seize Weapons and Ammunition in Taraba

 6 Brigade Troops Apprehend Four Suspected Terrorists, Seize Weapons and Ammunition in Taraba

May 7, 2025
NYSC DG Pays Visit to Ailing Corps Member in Yola

NYSC DG Pays Visit to Ailing Corps Member in Yola

May 7, 2025
NAVY CAPTAIN A. MNGUVE UNVEILS THREE INSPIRATIONAL BOOKS IN LITERARY TRIUMPH

NAVY CAPTAIN A. MNGUVE UNVEILS THREE INSPIRATIONAL BOOKS IN LITERARY TRIUMPH

May 7, 2025
A Painful Loss: SGF Akume Mourns with Boss Mustapha Over Sister’s Demise

A Painful Loss: SGF Akume Mourns with Boss Mustapha Over Sister’s Demise

May 7, 2025
NewsPeg Magazine

Newspeg is a General interest Magazine conceived by Nigerian Media practitioners of like minds across ethnic and geo-political divides of the country, for the purpose of creating uniqueness in Magazine reporting in Nigeria and repositioning the country for the needed growth.

Follow Us

  • About us
  • Advertise
  • Privacy & Policy
  • Contact

© 2024 Newspeg magazine - powered by Vecrit.

No Result
View All Result
  • Home
  • News
    • Business
    • World
  • Technology
  • Entertainment
  • Lifestyle
  • Editorial
  • Columns
  • More

© 2024 Newspeg magazine - powered by Vecrit.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In