China firmly opposes trade deals reached at the expense of its interests, Commerce Ministry spokesperson He Yongqian said at a press conference in Beijing on Thursday.
In response to a media question about the trade deal between the United States and Vietnam announced by U.S. President Donald Trump, He said China is happy to see countries resolving trade disputes with the United States through equal dialogue.
The spokesperson at the same time underlined that if one side is striking a deal by undermining Chinese interests, China will resolutely take measures to defend itself.
"The imposition of the so-called 'reciprocal tariffs' by the United States on its global trading partners is a typical unilateral and bullying act. China has always firmly opposed it. We have noticed the relevant situation and is assessing the deal. China's position is consistent. We are happy to see all countries resolving economic and trade disputes with the United States through equal-footed consultation, but we firmly oppose any country reaching trade deals by sacrificing China's interests. If this happens, the Chinese side will resolutely take countermeasures to safeguard its legitimate rights and interests," He said.
According to Trump's statements, Vietnam will pay the United States a 20 percent tariff on all exports and a 40 percent tariff on any transshipping, while the United States will be able to sell products into Vietnam at zero tariff.
China opposes deals reached by undermining Chinese interests: spokesperson
China opposes deals reached by undermining Chinese interests: spokesperson
