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China's Foreign Ministry has warned of potential supply chain disruptions amid escalating U.S. tariffs on Chinese goods. The ministry criticized the U.S. for its trade policies, stating that they are causing uncertainty and negatively impacting global economic growth.
The warning comes as the U.S. and China continue to engage in a trade war, with both sides imposing tariffs on each other's goods. The U.S. has imposed tariffs on over $360 billion worth of Chinese goods, while China has retaliated with tariffs on over $110 billion worth of U.S. goods.
The ministry also called on the U.S. to correct its tariff actions and work towards a mutually beneficial solution. It emphasized that the two countries should engage in dialogue and cooperation to resolve their differences, rather than resorting to protectionist measures.
The warning has raised concerns among businesses and investors, who are worried about the potential impact of the trade war on global supply chains. Many companies rely on Chinese manufacturing for their products, and the tariffs could lead to increased costs and disruptions in production.
Meanwhile, Asia-Pacific markets traded mixed on Wednesday as traders weighed the escalating trade tensions between the U.S. and China. Investors continue to assess economic data in the region, with many focusing on the impact of the trade war on regional economies.
The Chinese government has been critical of the U.S. tariffs, stating that they are unfair and violate World Trade Organization rules. It has also called on the U.S. to engage in dialogue and work towards a mutually beneficial solution.
The trade war between the U.S. and China has been ongoing for over a year, with both sides imposing tariffs on each other's goods in a bid to gain leverage in negotiations. The two countries have held several rounds of talks, but have yet to reach a comprehensive agreement.

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