May 14, 2024 11:24 GMT
Commerce Ministry Blasts US For New Tariffs
US-CHINA
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(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,”
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