Photo taken on April 4, 2018 shows the entrance to the Chinese Ministry of Commerce (MOC) in Beijing, capital of China. China strongly condemns and firmly opposes the United States tariff proposals and is ready to take countermeasures on U.S. products, the MOC said Wednesday. A spokesperson of the MOC made the statement after the U.S. administration announced a proposed list of products subject to additional tariffs, which covers Chinese exports worth 50 billion dollars with a suggested tariff rate of 25 percent. (Xinhua/Li He)
BEIJING, April 4 (Xinhua) -- China strongly condemns and firmly opposes the United States tariff proposals and is ready to take countermeasures on U.S. products, the Ministry of Commerce (MOC) said Wednesday.
A MOC spokesperson made the statement after the U.S. administration announced a proposed list of products subject to additional tariffs, which covers Chinese exports worth 50 billion U.S. dollars with a suggested tariff rate of 25 percent.
"Disregarding strong representations by China, the United States announced the tariff proposals that are completely unfounded, a typical unilateralist and protectionist practice that China strongly condemns and firmly opposes," according to the statement.
The proposed list covers approximately 1,300 products imported from China, including industries such as aerospace, information and communication technology, robotics, and machinery, the Office of U.S. Trade Representative (USTR) said in a statement.
The U.S. side published the list in disregard of the mutually-beneficial and win-win nature of the China-U.S. commercial cooperation in the past 40 years, the appeal of the Chinese and American business communities and the interests of consumers, it said.
The move went against the interests of China, the United States and the world economy, seriously violating the basic principles and spirit of the World Trade Organization (WTO).
China plans to immediately bring relevant U.S. practice to the dispute settlement body of the WTO, and is ready to take countermeasures on U.S. products with equal force and scale that will be published in the coming days.
"We have the confidence and ability to respond to any U.S. trade protectionist measures," the MOC spokesperson said.
Chinese Foreign Ministry spokesman Lu Kang also made a response Wednesday, saying the U.S. tariff proposals are "a typical unilateralist and protectionist action."
China strongly condemns and firmly opposes such action, Lu said.
"We hope that the U.S. side, with sense and long-term picture in mind, refrain from going further down the wrong path," the Chinese Embassy in the United States said in a statement on Wednesday.
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 so-called Section 301 investigation, launched by the Trump administration in August 2017, into alleged Chinese intellectual property and technology transfer practices.
The move came after the U.S. administration took an increasingly hawkish turn on China, as it blamed its trade deficit with major trading partners for its domestic economic woes and job losses.
WASHINGTON, April 3 (Xinhua) -- China strongly condemns and firmly opposes new tariffs to be imposed by the United States on a list of Chinese products, the Chinese Embassy in the United States said here Tuesday. Full story
BRASILIA, April 3 (Xinhua) -- Newly imposed tariffs on imported metals and other protectionist measures taken by U.S. President Donald Trump could backfire, said Brazilian economist Cesar Bergo of the Federal Economic Council (Cofecon). Full story
NEW YORK, April 3 (Xinhua) -- The slapping of steep tariffs on foreign goods by U.S. President Donald Trump's administration is a wrong remedy for the U.S. economy, an expert on U.S. economic and trade policy has said. Full story