LINE

    Text:AAAPrint
    Economy

    U.S. tariff move hurting itself, the world: MOC

    1
    2018-07-06 00:37:03Xinhua Editor : Wang Fan ECNS App Download

    The United States is hurting itself as well as the world by imposing additional tariffs, China's Ministry of Commerce (MOC) said Thursday.

    "If the United States starts imposing additional tariffs, it will actually be charging taxes on firms both in China and around the world, as well as American companies," MOC spokesperson Gao Feng said at a press conference.

    Gao pointed out that China is an important supporter and participant in economic globalization and global industrial chain, many of its export commodities are products made by foreign enterprises in China. "Around 59 percent of products worth 34 billion U.S. dollars subject to additional tariffs are made by foreign firms in China, with American firms making up a considerable part."

    "The U.S. tariff move is in essence a hit to the global industry and value chain," Gao said. "To put it simply, the United States is firing at the whole world. It is also firing at itself."

    Gao also dismissed concerns that American companies operating in China will be targeted during the trade frictions, saying the Chinese government will protect the legitimate rights and interests of all foreign-funded companies.

    China has been been one of the most popular destinations for foreign investment for decades, not only because of the enormous size of its market, but also because the Chinese market represents stability, rationality and rule of law, Gao said.

    "We will monitor the effect of the U.S.-provoked trade war on businesses and strive to help mitigate any possible impact," he said.

      

    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: 深圳市| 金秀| 宝清县| 沾化县| 葫芦岛市| 米易县| 舒兰市| 阳新县| 上虞市| 武义县| 兖州市| 钟祥市| 凯里市| 龙胜| 温泉县| 北京市| 伊吾县| 华蓥市| 荥阳市| 招远市| 商都县| 游戏| 仁怀市| 射洪县| 界首市| 大石桥市| 灵寿县| 仪陇县| 方山县| 布尔津县| 定陶县| 尼勒克县| 湟中县| 鲁山县| 留坝县| 新巴尔虎右旗| 本溪市| 诏安县| 日照市| 凌云县| 福泉市|