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    Declare War! The Chinese Government Raises Tariff Rates On 5140 US Imports.

    2019/5/14 10:21:00 13565

    Declare WarImpose Tariffs On Us And CanadaSino US Trade


    At the 7 CCTV news broadcast at the evening of May 13th, Kang Hui, the host, broadcast an international review entitled "China is ready for a comprehensive response".

    The commentary pointed out that the trade war launched by the United States on China is just a ridge in the course of China's development. It is no big deal. China will firmly strengthen its confidence and face difficulties.

    International Review



    China has prepared for a comprehensive response.



    For the trade war launched by the US side, China has long demonstrated its attitude: unwilling to fight, but not afraid to fight, and had to fight if necessary.



    In the face of America's hard and soft hands, China has already given the answer: to talk about, open the door, and fight to the end.



    After five thousand years of ups and downs of the Chinese nation, what kind of battle have not seen?! in the great process of achieving national rejuvenation, there will inevitably be difficulties, dangers and even stormy waves.

    The trade war launched by the United States on China is just a ridge in the course of China's development. It is no big deal. China will firmly strengthen its confidence and face difficulties.

    No matter how changeable the external situation is, for China, the most important thing is to do well in our own affairs, constantly deepen reform, open wider to the outside world, and achieve high quality economic development.



    The next step for the United States is to talk about whether to fight or to take other actions. China has already prepared its policy toolbox and prepared for a comprehensive response.



    As president Xi Jinping pointed out, China's economy is a sea, rather than a small pond; a fierce storm can turn over a small pond, but it can't turn over the sea; after countless storms, the sea is still there.


    Counter measures in China



    Raise tariffs on us products


    Less than an hour after the news broadcast, the Ministry of Finance issued the measures of the Chinese government to counter the US trade war:



    In accordance with the laws and regulations of the People's Republic of China foreign trade law and the People's Republic of China import and export tariff Ordinance and the basic principles of international law, the Customs Tariff Commission of the State Council has decided, from 0 o'clock in June 1, 2019, to increase the duty rate on the part of the United States commodity which has been imposed on tariffs, and impose 25%, 20% or 10% duty on the list of the US $60 billion since the approval of the CPC Central Committee and the State Council.

    The 5% tariff will continue to be imposed on the taxable commodities which have imposed 5% tariffs before.


    Compared with last year, China's economic burden on trade war has increased significantly this year. As time goes on, the trade war will have less and less impact on China.

    On the contrary, the United States can not, because the trade war will eventually shift the cost to the American consumers, so the negative impact of the US economy is bigger and bigger.


    Netizens' comments

    Fight with enemies and overcome difficulties.



    This sharp comment, let netizens instantly boil up, also make "news broadcast" hit the top of the hot spot.

    Netizens have said: "never bow to problems of principle". We must "fight with enemies and overcome difficulties together".



    (part of the sources: the Beijing daily,

    Ministry of Finance of the People's Republic of China

    )


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