Tariffs on fentanyl pretext counterproductive: Envoy

Wielding the "baton of tariffs "on the pretext of the fentanyl issue is counterproductive, says Chinese Ambassador to the US Xie Feng, as Washington plans to impose an additional 10 percent duty on imports from China.

Speaking at the Duke-UNC China Leadership Summit via video link on Friday, Xie said two-way trade between China and the United States exceeded $680 billion last year, and about 73,000 US companies are investing in China.

"The extensive common interests we share and the vast room for cooperation we enjoy are there for everyone to see. Any attempt to decouple and disrupt supply chains would cause a heavy blow, and any trade war or tariff war would inflict greater injury on oneself than others," he said.