China Firmly Opposes New US Tariffs and Vows Countermeasures
China opposes new US tariffs and seeks countermeasures to protect its interests. The tariffs have raised concerns over global trade impacts and China’s economic recovery. Beijing urges for dialogue instead of escalating tensions, highlighting the futility of protectionism in resolving trade issues.
On Thursday, China firmly declared its opposition to the recent imposition of new tariffs by the United States. The Chinese authorities expressed their intent to implement countermeasures to protect their economic rights and interests, emphasizing that the tariffs violate international trade regulations and have detrimental effects on global economic progress.
The tariffs, as announced by President Trump, include a sweeping 10 percent levies on imports across several countries and a particularly severe 34 percent tariff specifically on China. The Chinese Commerce Ministry voiced concerns about the adverse implications these measures could have on both China’s economic stability and the international supply chain, urging the United States to rescind them immediately.
Consequently, in retaliation, China has enacted tariffs of up to 15 percent on various US agricultural products, such as soybeans, pork, and chicken. These trade tensions may hinder China’s economic recovery, given its struggles with a prolonged debt crisis and low consumer demand, which together threaten its growth prospects this year.
China further criticized the US for its trade strategies, describing them as unilateral bullying tactics that overlook the benefits of multilateral trade negotiations. They emphasized the need for constructive dialogue to resolve these issues rather than escalating tensions through protectionist measures.
China reiterated that a trade war yields no winners and that history demonstrates that increased tariffs cannot resolve the underlying issues faced by the US.
In summary, Beijing’s response to the new US tariffs underscores a commitment to protect its economic interests while calling for dialogue over escalating trade conflicts. The current tariffs threaten to undermine global trade and exacerbate existing economic challenges for both nations. Moving forward, cooperation may prove essential in averting a full-scale trade war, which offers no benefits to either party.
Original Source: www.france24.com
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