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Free AccessCommerce Ministry Blasts US For New Tariffs
(MNI) London - The Chinese Ministry of Commerce (MOFCOM) has responded to the announcement from the White House regarding the imposition ofnew or expanded tariffs on Chinese-made imports (see 'US-CHINA: White House Unveils Sizeable Tariff Hikes On Certain Chinese Goods', 1024BST). MOFCOM spox: 'China is stringly dissatisfied with US tariff hike...China will take resolute measures to defend its rights and interests.'
- MOFCOM: The US should immediately correct its 'wrongdoings' and cancel additional tariff measures against China...Out of domestic political considerations, the US has abused the Section 301 Tariff Review Procedure to further increase tariffs.
- MOFCOM: US tariff hike violates Biden's committment to 'not seek to suppress and contain China's development', and 'not to seek to decouple and break links with China'.
- Earlier, Chinese foreign ministry spokesperson Wang Wenbin saidto reporters that “China opposes the unilateral imposition of tariffs which violate (World Trade Organization) rules, and will take all necessary actions to protect its legitimate rights,”
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.