MNI BRIEF: China To Take Necessary Measures Following Tariffs
Beijing will take necessary measures to defend its rights and interests following Washington's recent tariff increase on Chinese goods, Ministry of Commerce spokesperson He Yadong told a press conference Thursday when pressed by journalists on thepotential for retaliation.
Although He did not provide specific details on what measures would be taken, he pushed back on accusations of overcapacity, saying China's industrial subsidies were reasonable and compliant with WTO rules.
A senior NDRC economist recently told MNI concerns about alleged Chinese overcapacity were inappropriate, noting supply and demand were determined globally with countries holding differing industrial capacities based on their comparative advantages. (See: MNI INTERVIEW: China Exports To Grow In 2024)