China Firmly Opposes US Tariff Proposals, Countermeasures Underway

TEHRAN (defapress)- The Chinese Ministry of Commerce (MOC) said Wednesday Beijing strongly condemns and firmly opposes Washington tariff proposals and is ready to take countermeasures on US products.

News ID: 69526

Date: 04 April 2018 - 12:22

A MOC Spokesperson made the statement after the US administration announced a proposed list of products subject to additional tariffs, which covers Chinese exports worth 50 billion US dollars with a suggested tariff rate of 25 percent, Xinhua reported.

"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 US Trade Representative (USTR) said in a statement.

The US side published the list in disregard of the mutually-beneficial and win-win nature of the China-US commercial cooperation in the past 40 years, the appeal of the Chinese and American business communities and the interests of consumers, it added.

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 US practice to the dispute settlement body of the WTO, and is ready to take countermeasures on US products with equal force and scale that will be published in the coming days.

"We have the confidence and ability to respond to any US trade protectionist measures," the MOC Spokesperson stressed.

Chinese Foreign Ministry Spokesman Lu Kang also made a response Wednesday, saying the US tariff proposals are "a typical unilateralist and protectionist action."

China strongly condemns and firmly opposes such action, Lu added.

"We hope that the US 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, US 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 US 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.