If The United States Implements New Tariff Measures, China Will Have To Take Corresponding Counteraction Measures.

 

The Ministry of Commerce spokesman said on the 22 th that if the United States implements new tariff measures, the Chinese side will have to take corresponding counteraction measures to resolutely safeguard the interests of the state and the people.

Earlier, the US formally announced that it would levy a 10% tariff on imports of about $300 billion from China. At the regular news conference held by the Ministry of Commerce on the same day, the summit said that China's position is consistent and clear. "There is no winner in trade wars. We do not want to fight or fight, but we have to fight if necessary."

Gao said that although the US side will delay tariffs on some commodities, any new tariff measures of the US side will unilaterally lead to the escalation of trade frictions, which is a serious violation of the consensus between the two heads of state of Osaka. China firmly opposes this. If the US side persists in its own way, China will have to take corresponding counteraction.

The peak pointed out that the new tariff measures would damage the interests of the Chinese side and also harm the interests of the US side, and could also bring about a recession impact on the global economy. He said that in the two list released by the United States, the United States imports more than 75% of its total imports, accounting for nearly 60% of the total. "If the United States pushs its own way, it will have a serious negative impact on US businesses and consumers. American financial institutions predict that the average American family will pay 1000 dollars a year for customs duties.

"At the same time, the United States postpone the Levy of tariffs on some commodities fully shows that there is no winner in the trade war, and the trade frictions are escalating, and American consumers and enterprises will suffer heavy losses." Gao said that the United States hopes to stop the erroneous practice of imposing tariffs and work with the Chinese side and find ways to solve the problem on the basis of equality and mutual respect. This is good for both China and the United States as well as for the whole world.

Gao said that the US side's actions will bring challenges to China's exports and economy, but in general, the impact is completely controllable. China has confidence, determination and ability to deal with all kinds of challenges and maintain healthy and stable development of China's economy and foreign trade.

On the evening of August 13th, the two sides took the lead in the Sino US economic and trade consultations. The two sides agreed to call again within two weeks. "The two sides' economic and trade team has maintained communication." Gao Feng said.