A Chinese commerce ministry spokesperson on Thursday urged the United States to resolve trade-related concerns through equal dialogue and jointly maintain the stability of the global industrial and supply chains.
U.S. President Donald Trump has decided to double tariffs on imported steel, aluminum and their derivatives to 50 percent starting Wednesday, according to a White House statement issued Tuesday.
At a regular press briefing in Beijing, He Yongqian, the spokesperson for the Ministry of Commerce, noted that the latest U.S. tariff hike is an act of unilateralism and protectionism.
"China has repeatedly emphasized that the tariff measures based on the Section 242 investigation are a typical act of unilateralism and protectionism, long ruled by the World Trade Organization's dispute settlement mechanism as violating WTO rules. The U.S.'s latest increase in tariffs on steel, aluminum, and their derivatives not only benefits no one, fails to safeguard industrial security, but also severely disrupts the stability of global industrial and supply chains. This U.S. approach has already faced opposition from many countries. China urges the U.S. to respect economic principles, abandon zero-sum mindset, cease overgeneralizing and abusing the concept of national security, and work with all parties to uphold the rules-based multilateral trading system, resolve respective concerns through dialogue on equal footing, and jointly maintain the stability of global industrial and supply chains," she said.
China urges US to resolve trade concerns through equal dialogue
China urges US to resolve trade concerns through equal dialogue
China urges US to resolve trade concerns through equal dialogue
