Sino-US tradeOn July 6, 2018, Foreign Ministry Spokesman Lu Hao hosted a regular press conference.
Q: The US government's measures to impose a 25% tariff on Chinese products worth $34 billion have officially entered into force today. What is the response of the Chinese Foreign Ministry?
A: The US's wrong approach is a flagrant violation of the rules of the World Trade Organization. It will strike the global trade order, trigger global market turmoil, and hinder the global economic recovery. More multinational corporations, small and medium-sized enterprises and ordinary consumers all over the world will be affected. Many industries and the public in the United States have become more and more aware that they will suffer.
In fact, the recent Series of unilateralism and trade investment protectionism measures adopted by the US government have caused widespread concern and condemnation in the world, and have also led to counter-attacks and retaliation from many countries.
China has always opposed unilateralism and opposed trade and investment protectionism. We have been doing our utmost to promote the objective understanding of the globalization process and rationally deal with the differences and problems in trade relations, but this requires the relevant parties to move in the opposite direction. Any attempt to unilaterally exert pressure is futile, and no one should have any illusions about it. In the case of China’s legitimate interests being treated unfairly, China naturally takes the necessary counterattacks. A spokesperson for the Ministry of Commerce of China has said today that we will keep the WTO informed of the situation and we are determined to work together with the rest of the world to safeguard free trade and the multilateral trading system.
Contact: Andy Li
Add: Xingguang Industry, Liushi Town,Yueqing City,Zhejiang Province,China.