economy

China denounces U.S. tax list

China’s Ministry of Commerce said: “With this move, the Washington administration is ignoring 40 years of bilateral trade relations with the interests and calls of Syed-American business and consumers.”

China’s Ministry of Commerce and Foreign Affairs strongly condemned the U.S. publication of a list of about 1,300 products originating in China, for which it would impose an additional 25 percent tariff. “The announcement of the list of products that the U.S. side plans to impose an additional 25 percent tariff despite objections is baseless, typical unilateralism and protectionist practice,” China’s Ministry of Commerce said in a statement.

The Chinese side strongly opposes it and strongly condemns it,” the statement said.

China will move the U.S. implementation to the World Trade Organization’s dispute resolution mechanism, the statement announced.

Beijing’s government is ready to take countermeaseds of equal size and scale for U.S.-based products, according to the relevant rules of Chinese Foreign Trade Law, the statement said, adding that these measures will be published in the coming days.

The statement also argued that the Washington administration’s move ignored 40 years of bilateral trade relations with the interests and calls of Syed-American business and consumers.

Chinese Foreign Ministry spokesman Lu Kang said in a written statement that China strongly condemned and opposed the action, calling the publication of a list of Chinese products to which the Washington administration would impose tariffs “typical unilateralism and protectionism.”

The U.S. Trade Representative’s Office (USTR) has released a list of Products of Chinese origin that U.S. President Donald Trump plans to impose an additional 25 percent tariff on. Overall, the list targets China’s defense, aerospace and manufacturing sectors and includes nearly 1,300 product variants with a commercial value of about $50 billion.
The list covers many different types of products such as nuclear reactors, thorium and uranium compounds, iron, steel, aluminum and alloy metals containing them, gas turbine, furnace, air and gas liquefaction machines, lactic yeast, some drugs and vaccines.

China also announced a 15 percent to 25 percent tax on 128 products worth about $3 billion imported from the United States on Monday in response to tariffs imposed by the Washington administration on imported steel and aluminum.

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