On April 3, the Ministry of Commerce website reported that a spokesperson for the Ministry of Commerce gave a speech regarding the U.S. announcement of equivalent tariffs.
The Chinese side noted that on April 2 local time, the U.S. announced the imposition of "equivalent tariffs" on all trading partners. China firmly opposes this and will resolutely take countermeasures to safeguard its own interests.
The U.S. claims to have lost out in international trade and raises tariffs on all trading partners under the pretext of "equivalence." This approach disregards the balanced outcomes achieved through years of multilateral trade negotiations and ignores the fact that the U.S. has long benefited greatly from international trade. Based on subjective, unilateral assessments, the so-called "equivalent tariffs" are inconsistent with international trade rules, severely harming the legitimate rights and interests of relevant parties and representing typical unilateral bullying behavior. Many trading partners have already expressed strong dissatisfaction and clear opposition to this.
History has shown that raising tariffs cannot solve America's problems; it harms both U.S. interests and global economic development as well as production and supply chain stability. A trade war has no winners, and protectionism offers no way out. China urges the U.S. to immediately cancel its unilateral tariff measures and properly resolve differences with trading partners through equal dialogue.
Original article: https://www.toutiao.com/article/7488906374085132810/
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