BEIJING, April 2 (Xinhua) -- China on Monday urged the United States to revoke protectionist measures that violate World Trade Organization (WTO) rules.
The trade measures that target just a small number of countries abuse the security exception clause of WTO rules and go against the principle of non-discrimination in multilateral trade, the Ministry of Commerce (MOC) said in an online statement.
Despite worldwide objection, the U.S. government decided last month to impose a 25-percent tariff on steel imports and 10 percent on aluminum, with tariffs on imports from EU member states, Argentina, Australia, Brazil, Canada, Mexico and the Republic of Korea being suspended until May 1, 2018.
"China's interests were seriously damaged," the MOC said.
To balance losses caused by the move, the ministry proposed counter-measures on U.S. products worth about 3 billion U.S. dollars on March 23 and solicited public opinion.
"People expressed widespread support via telephone and e-mail for the counter-measures, with some even suggesting stronger measures," said the statement.
Based on that domestic support, the measures have been put into effect. The Chinese Ministry of Finance on Monday announced a 15-percent tariff on 120 items from the United States including fruit, and a 25-percent tariff on eight items including pork.
China has acted in restraint to avoid confrontation with the United States, with measures to increase imports and widen market access, but to no avail.
The two sides have failed to reach a consensus as the United States declined to respond to China's requests through the WTO for consultation, the MOC said. "As a WTO member, China has the right not to meet some former obligations to the United States."
Despite the frictions, China maintains its stance on economic cooperation for mutual development.
"Cooperation is the only valid option for China and the United States," the MOC said, calling for dialogue and consultation to address the concerns of both sides and realize common development, and working to prevent more harm to the broader picture of China-U.S. cooperation.
BEIJING, March 30 (Xinhua) -- China on Friday called on U.S. decision makers to seriously weigh up the value of its unilateral trade protectionism.
Chinese Foreign Ministry Spokesperson Lu Kang made the call at a daily press briefing, commenting on recent remarks made by U.S. Ambassador to China Terry Branstad on possible Chinese retaliation on soybean imports from the United States. Full story
BEIJING, March 29 (Xinhua) -- China said Thursday that the U.S. trade approach had set a bad precedent that could trigger a domino effect on protectionism, and the United States must resort to dialogue and consultation to settle disputes. Full story
NEW YORK, March 29 (Xinhua) -- Unilateral sanctions can't resolve the U.S. trade deficit problem but will instead significantly hurt businesses and consumers in both the United States and China, a trade expert has said. Full story
CHICAGO, March 29 (Xinhua) -- U.S. protectionist measures of unilaterally imposing steep tariffs will not solve trade problem but risk opening a Pandora's box to backfire on its own economy, said U.S. experts. Full story
BEIJING, March 30 (Xinhua) -- As the U.S. administration has taken an increasingly hawkish turn on China, economists agree that the U.S. high tariffs plan on Chinese imports will backfire. Full story