No One Will Win a Trade War,' China Says After Trump Tariff Threat WASHINGTON (Reuters) - Neither the United States nor China would win a trade war, the Chinese Embassy in Washington said on Monday, after U.

President-elect Donald Trump has just declared his intention that, on his first day in office, he will impose 10 per cent tariffs on all US imports from China, including those already subject to such levies.

Trump announced plans to impose 10% tariffs on Chinese goods “above any additional Tariffs,” after blaming the country for the inflow of illegal fentanyl into the U.S.

By bno - Taipei Office China has responded defiantly to US President-elect Donald Trump’s pledge to impose additional tariffs on Chinese imports, accusing him of using the fentanyl crisis as a pretext for trade escalation.

China has fired back at President Donald Trump’s latest threat to slap a 10% tariff on all Chinese imports. In a statement released by its embassy in Washington, Beijing made it clear that such a move would be catastrophic for both nations and the global economy.