Trump announces new tariffs on Chinese goods, escalating trade tensions

President-elect Donald Trump has announced new tariffs on Chinese goods, adding a 10% charge on top of existing tariffs. This move signals a more aggressive stance in US-China trade relations. China is responding by promoting domestic confidence and foreign investment. However, Chinese exporters are concerned about potential tariff exemptions and the feasibility of reselling goods through third countries. A Chinese embassy spokesman emphasized that economic cooperation between the US and China is beneficial for both sides, warning that a trade war would not yield winners.