LINE

    Text:AAAPrint
    Business

    China responds to U.S. tariff proposals with restraint: MOC

    1
    2018-04-04 22:46:47Xinhua Wang Fan ECNS App Download

    China's Ministry of Commerce said Wednesday that China has responded with restraint to the U.S. tariff proposals.

    "I have to say that we were forced to take countermeasures and we have reacted with restraint," Vice Minister of Commerce Wang Shouwen told a press briefing.

    China Wednesday unveiled a list of products worth 50 billion U.S. dollars imported from the United States that will have an additional tariff of 25 percent imposed on them, including soybeans, automobiles, and chemical products.

    The move was taken after the U.S. administration announced a proposed list of products subject to a suggested additional tariff of 25 percent, which covers Chinese exports worth 50 billion dollars.

    "The U.S. proposals were groundless and violated its international obligations," said Wang.

    Despite strong warnings from business groups and trade experts, U.S. President Donald Trump signed a memorandum on March 22 that could impose tariffs on Chinese imports and restrictions on Chinese investment in the United States.

    The memorandum is based on a Section 301 investigation, launched by the Trump administration in August 2017, into alleged Chinese intellectual property and technology transfer practices.

    "The U.S. proposals went against China's interests, threatened China's economic security, and global economic recovery and stability," said Wang.

    Speaking of China's countermeasure in response to a previous U.S. move to slap tariffs on China's steel and aluminum imports, Wang said the U.S. action was not a consideration of national security, but was discriminatory as the proposals only targeted a small number of countries.

    "The U.S. reason citing national security was unfounded and the U.S. action has violated the multilateral trade system," said Wang, "China's countermeasure were just in defense of our legitimate interests."

    Wang stressed that China remains open to negotiation, and hopes to properly handle the dispute with the United States through dialogue and consultation.

    "We don't want a trade war, but we are not afraid of it. If someone insists on starting a trade war, we will fight till the end," Wang said.

      

    Related news

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    News
    Politics
    Business
    Society
    Culture
    Military
    Sci-tech
    Entertainment
    Sports
    Odd
    Features
    Biz
    Economy
    Travel
    Travel News
    Travel Types
    Events
    Food
    Hotel
    Bar & Club
    Architecture
    Gallery
    Photo
    CNS Photo
    Video
    Video
    Learning Chinese
    Learn About China
    Social Chinese
    Business Chinese
    Buzz Words
    Bilingual
    Resources
    ECNS Wire
    Special Coverage
    Infographics
    Voices
    LINE
    Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
    Copyright ?1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    主站蜘蛛池模板: 营口市| 连云港市| 鹤峰县| 南安市| 咸宁市| 海伦市| 容城县| 屏南县| 康乐县| 墨玉县| 菏泽市| 沙湾县| 永清县| 分宜县| 东乌珠穆沁旗| 漯河市| 兴义市| 文化| 海淀区| 阿拉善右旗| 东乌珠穆沁旗| 盘山县| 巨鹿县| 盈江县| 阜新| 潢川县| 鞍山市| 安西县| 襄城县| 靖远县| 临沂市| 屏边| 礼泉县| 阳高县| 襄城县| 修武县| 石河子市| 九江县| 凤台县| 榆树市| 仙桃市|