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China will file demand against the last American tariffs

China will file demand against the last American tariffs

China will file a demand before the World Trade Organization and take the necessary countermeasures to safeguard their own rights and interests, the Ministry of Commerce said on Sunday after the United States announced that it would impose an additional 10 percent rate to the goods to the goods from China.

The Ministry of Commerce said that this movement does not solve the problems facing the United States and undermines normal economic and commercial cooperation between the two countries. An expert from a group of experts in Beijing said that the decision is expected to have a significant impact on US and Chinese industries.

“The unilateral imposition of tariffs by the United States seriously violates the WTO rules. We urge the United States to see and manage its own fentanyl and other problems objectively and rationally, instead of resorting to tariff threats against other countries, “said the ministry in a statement.

Zhou Mi, a researcher at the International Academy and Economic Cooperation in China, said that a higher rate on Chinese products will probably result The supply chain.

“For American manufacturers, when they import intermediate materials or products from China, the costs of these products will increase and the price increase will be transmitted along the supply chain layers. American consumers could face price inflation in certain products of more than 10 percent, ”said Zhou.

He added that Chinese exporters could also face a significant challenge, since US importers may need to renegotiate with Chinese companies about specific prices and additional costs plans.

The Ministry of Foreign Affairs said in a statement on Sunday that China has expressed a strong dissatisfaction and an opposition resolved to the last measure, and will take the necessary countermeasures to firmly safeguard their legitimate rights and interests.

There are no winners in commercial disputes, and China’s position is consistent and firm.

The United States has raised a 10 percent rate on Chinese imports under the pretext of the fentanyl problem.

The Ministry of Foreign Affairs said that fentanyl is a problem of the USA., And China has been among countries with the most strict and most exaggerated narcotic control policies in the world. In a humanitarian spirit, China has provided support to the United States to treat its fentanyl problem.

“China urges the United States to correct their wrong practices, maintain progress won with force of the drug control cooperation of China-United States and promote the stable, healthy and sustainable development of United Chinese relationships,” he said the Ministry of Foreign Affairs in the statement.

The last movement occurs after a year of solid foreign trade between the United States and China.

In December, in December, the US sea ports managed an equivalent of 451,000 containers of 8 -foot goods from China, 14.5 percent more interannual, and some companies store early products to get ahead of tariff threats, according to the supplier of commercial data Descartes Systems Group.

Last year, US imports of machinery, bedding, plastic toys and other China products increased by 15 percent over the levels observed in 2023, showed Descartes data.

Some US companies decided to import “previous” goods as usual to avoid tariff threats and possible attacks on the ports, Jonathan Gold, president of the supply chain and customs policy in the National Federation of Retailers, to China Daily.

Since 2018, the original tariffs imposed on China by the first Trump administration and those that were maintained and extended by the then administration of President Joe Biden, have caused a significant impact.

The Peterson Institute of International Economics in Washington, DC, found that in 2018, the bidirectional trade between China and the United States was $ 659 billion. In 2024, the figure decreased to $ 578 billion.

Thomas Fullerton, professor of Economics at the University of Texas in El Paso, said that a better way for the United States to address competition with the countries of the Asia and Pacific region would have been “to join the comprehensive and progressive agreement for the association Trans-Pacific “, a free trade agreement between 12 countries.

“As commercial barriers, rates can also make national industries less competitive,” said Fullerton.

According to the Executive Order, the United States also imposed a 25 percent tariff on the goods of Mexico and Canada. For energy products in Canada, the United States imposed a 10 percent rate.

The news article was previously published in China Daily, which is part of Asia News Network.

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