Is there a possibility of decoupling in the trade sector between China and the US? General Administration of Customs responds

According to the report of China Internet, the State Council Information Office will hold a regular press conference on the relevant economic data of the first quarter at 10:00 am on April 14.

A reporter asked, recently, the tensions in US-China trade have been escalating continuously. What specific impact will it have on US-China trade? Is there a possibility of decoupling in the trade field? How will China respond?

Wang Lingjun, deputy director of the General Administration of Customs, said that on April 9, the Chinese government released the "China's Position on Certain Issues in Sino-US Economic and Trade Relations" white paper. You must have seen this text. This white paper demonstrates with a large amount of facts and data that the essence of Sino-US economic and trade relations is mutual benefit and win-win, which is the result of the operation of economic laws, and has strong internal driving force. In the first quarter of this year, despite the interference and impact of the US government's indiscriminate imposition of tariffs, bilateral trade between China and the United States still maintained growth, with import and export scale reaching 1.11 trillion yuan, an increase of 4%.

The US has imposed indiscriminate tariffs on all trading partners, including China, under various pretexts. This inevitably has a negative impact on global trade, including that of the US and China.

The so-called "reciprocal tariff" by the US side subverts the existing international economic and trade order, placing American interests above the public interests of the international community, which is a typical case of tariff hegemony behavior. It seriously violates World Trade Organization rules, severely damages the multilateral trading system based on rules, and severely impacts the stability of the global economic order.

There is no winner in a trade war, and protectionism offers no way out. The actions taken by the US government have already drawn widespread opposition from the global community. China has taken countermeasures and will continue to jointly oppose the US tariff hegemony behavior with all parties, and jointly defend the multilateral trading system and economic globalization. We urge the US side to immediately correct its erroneous practices and resolve trade disputes through equal dialogue based on mutual respect.

Original article: https://www.toutiao.com/article/7493014066169709106/

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