Washington, 26 November 2024 (dpa/MIA) - China has responded to US President-elect Donald Trump's announcement of additional tariffs on its goods, saying there are no winners in trade wars.

"There is no winner in a tariffs war or a trade war. Nor will the world benefit from it," Chinese Embassy spokesman Liu Pengyu said on social media platform X.

Liu added that China "stands ready to work with all parties to uphold true multilateralism, build an open world economy, support sustainable development, and brings countries together to address challenges, achieve common prosperity and build a community with a shared future for mankind."

Earlier on Monday, Trump said he would impose additional tariffs on goods from China as soon as he returns to the White House in January.

Trump said on Truth Social, the social media platform he co-founded, that he would sign an executive order to that effect on his first day in office.

"We will be charging China an additional 10% Tariff, above any additional Tariffs, on all of their many products coming into the United States of America" until drugs stop "pouring into our Country, mostly through Mexico," Trump said.