China will continue to stay committed to high-level opening-up and follow its own path in the face of U.S. bullying tariffs, a spokeswoman of China's Ministry of Commerce said on Thursday.
He Yongqian, the spokeswoman, made the remarks at a press briefing in Beijing in response to a media query about the latest U.S. tariffs.
"Recently, the United States has imposed excessive tariffs on all its trade partners, including China, under various pretexts. This seriously infringes upon the legitimate rights and interests of Chinese enterprises and severely disrupts the stability of the global economic order. China strongly condemns and firmly opposes it. As the world's second-largest economy and the second-largest consumer market, we will unwaveringly promote high-level opening-up and resolutely follow our own path in the face of U.S. bullying tariffs. We will contribute more certainty into the global economy with our stable development," said the spokeswoman.
On April 2, the United States imposed a 34-percent "reciprocal tariff" on Chinese imports, following earlier hikes from 10 percent in February to 20 percent in March. In response, China quickly retaliated on April 4 with matching tariffs on U.S. goods. This move triggered a sharp escalation from U.S. President Donald Trump, who imposed an additional 50 percent tariff on Chinese imports, bringing the total to 104 percent.
China's response was swift. It raised tariffs on U.S. goods from 34 percent to 84 percent, placed 12 U.S. entities under export controls and added six companies to the "unreliable entity" list. Trump, however, countered by raising tariffs on Chinese goods to 125 percent while announcing a 90-day delay for tariffs on other countries.
China committed to high-level opening-up despite U.S. bullying tariffs: spokeswoman
China committed to high-level opening-up despite U.S. bullying tariffs: spokeswoman
China committed to high-level opening-up despite U.S. bullying tariffs: spokeswoman
