00:00Indeed, we are firmly opposed to this unwarranted increase
00:05and we do believe that this is in violation of the WTO rules.
00:09So that's why China is filing a complaint at this WTO
00:16and also we may be forced to take countermeasures.
00:22And let me also emphasize that there is no winner in a trade war
00:28and we do hope that the U.S. would look at its own problems,
00:36really find a solution that is beneficial to itself and also to the whole world.
00:45And frankly speaking, I don't think that raising tariffs is beneficial to the U.S. itself.
00:51The excuse for raising the tariffs is on the fentanyl.
00:57Let me also say that this is also very much unwarranted
01:05and China is one of the countries that has the most stringent regulations on fentanyl.
01:13Actually, we have regulations on all fentanyl-related substance.
01:20Actually, China is the only country that puts the whole category
01:25of fentanyl-related substance under regulation.
01:30The U.S. should look at this process issue more from its own perspective.
01:37For instance, look at the demand side of the fentanyl
01:42rather than shifting the blame onto others.
01:46I don't think that will be good for the U.S. itself.
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