On April 5th, the WeChat official account "China Chamber of Commerce for Import and Export of Minerals, Metals & Chemicals" issued a solemn statement regarding the US imposing a so-called "reciprocal tariff" of 34% on China:
On April 2nd local time in the United States, the US government announced a so-called "reciprocal tariff" of 34% on China. The China Chamber of Commerce for Import and Export of Minerals, Metals & Chemicals solemnly declares here that it strongly opposes the US unilaterally increasing import tariffs again under the pretext of "reciprocity". This action by the US side seriously violates WTO rules, severely damages the legitimate rights and interests of WTO members, severely undermines the multilateral trading system based on rules and international economic and trade order, and will cause substantial harm to normal Sino-US economic and trade cooperation, as well as have adverse effects on American consumer spending and the global economy.
For a long time, the United States has been an important trade partner for our mineral, metal, and chemical industry. Both sides have a solid foundation for economic and trade cooperation, with close exchanges and interactions between industries. The additional imposition of tariffs will further increase corporate costs, raise the import costs for US importers and the consumption costs for consumers, exacerbate domestic inflation in the US, and increase the likelihood of an economic recession in the US. A trade war has no winners; repeatedly imposing tariffs has only disadvantages and no benefits for the US economy and cannot solve its own problems.
The China Chamber of Commerce for Import and Export of Minerals, Metals & Chemicals firmly supports all necessary economic countermeasures taken by the Chinese government and strongly urges the US government to immediately cancel the unilateral tariff increase measures. Industries on both sides should strengthen mutually beneficial cooperation, move toward each other, deepen industrial chain and supply chain cooperation, and jointly maintain a healthy and sustainable global trade order.
In the face of the current complex and changing international situation, the China Chamber of Commerce for Import and Export of Minerals, Metals & Chemicals calls on all its members and colleagues in the global mineral, metal, and chemical industries to unite and jointly oppose the US unilateral trade bullying practices, and work together to address the negative impacts brought about by the trade war. The China Chamber of Commerce for Import and Export of Minerals, Metals & Chemicals will spare no effort to provide high-quality services and support to industry enterprises, promoting the sustained and healthy development of foreign trade in the mineral, metal, and chemical industries.
Original source: https://www.toutiao.com/article/7489650065695457855/
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