China vowed on Thursday to implement” measures to prevent its personal rights and interests” and vehemently opposes the massive new tariffs the United States hasimposed.
Following US President Donald Trump’s announcement to impose a 10 % basic tariff on global exports, with additional 34 % levies specifically aimed at China, Beijing has issued a strong response.
China’s business ministry criticized the tariffs in a statement released on Thursday, claiming that they tremendously violate international trade standards.
The government urged Washington to “immediately withdraw” the new levies, citing the fact that” US taxes do not agree with global trade rules and severely damage the legitimate rights and interests of the appropriate parties.
Beijing warned that the tariffs may have a wide-ranging impact, affecting both China and the world economy, global supply chains, and yet US businesses.
According to the department,” These measures harm global economic development and the balance of production and supply stores,” highlighting how trade disputes ultimately harm all parties involved.
Trump has argued that the taxes are “reciprocal,” claiming that they address long-standing business imbalances.
China called for “dialogue” to resolve the dispute following Trump’s tax news.
According to Beijing’s business department,” There is no success in a trade conflict, and there is no way out for protectionism.” According to the article,” History has demonstrated that increasing taxes does not resolve the US’s personal problems.”
It threatens the balance of production and supply stores and threatens global economic development.
