#中国反对美国拟加征7.5%关税
In response to reports from foreign media that the U.S. government is considering imposing an additional 7.5% tariff on certain Chinese imports on the grounds of “overcapacity,” the Chinese Ministry of Commerce held a regular press conference on the 27th, delivering a firm response. It emphasized that China resolutely opposes this and stated that it will reserve the right to take all necessary measures.
The spokesperson for the Ministry of Commerce said that the U.S. has long used the unfounded pretext of “overcapacity” to launch 301 investigations into several economies, including China. In substance, this is a complete politicization of economic and trade issues—an indisputable act of unilateralism and trade protectionism. China reiterates that the global competitiveness of relevant industries comes from technological innovation and market advantages, not from so-called subsidies or excess capacity.
As high-level U.S.-China dialogue and a summit may be forthcoming, the struggle between the two sides over economic and trade as well as tariff issues continues to intensify. Analysts noted that if the U.S. ultimately implements this tariff measure, the overall average tariff rate is likely to rise further. This would not only introduce new variables to the stability of global supply chains, but also add more uncertainty to future trade relations between the two countries.
In response to reports from foreign media that the U.S. government is considering imposing an additional 7.5% tariff on certain Chinese imports on the grounds of “overcapacity,” the Chinese Ministry of Commerce held a regular press conference on the 27th, delivering a firm response. It emphasized that China resolutely opposes this and stated that it will reserve the right to take all necessary measures.
The spokesperson for the Ministry of Commerce said that the U.S. has long used the unfounded pretext of “overcapacity” to launch 301 investigations into several economies, including China. In substance, this is a complete politicization of economic and trade issues—an indisputable act of unilateralism and trade protectionism. China reiterates that the global competitiveness of relevant industries comes from technological innovation and market advantages, not from so-called subsidies or excess capacity.
As high-level U.S.-China dialogue and a summit may be forthcoming, the struggle between the two sides over economic and trade as well as tariff issues continues to intensify. Analysts noted that if the U.S. ultimately implements this tariff measure, the overall average tariff rate is likely to rise further. This would not only introduce new variables to the stability of global supply chains, but also add more uncertainty to future trade relations between the two countries.