China, EEUU
Tariffs

China Rejects Trump’s Reciprocal Tariffs

China’s Ministry of Commerce expressed its firm opposition to the U.S. decision to impose “reciprocal” tariffs. On its trading partners and promised countermeasures to protect its interests.

According to the statement, Washington’s justification based on an alleged trade imbalance. Ignores the results of decades of multilateral negotiations that have established a balance of benefits in international trade.

The U.S. position, based on a subjective and one-sided assessment. Does not conform to global norms and harms the legitimate rights and interests of its trading partners, he added.

In fact, several nations have already expressed their strong rejection of this measure. Describing it as a unilateral and abusive practice.

Beijing noted that historically raising tariffs has not solved U.S. domestic problems. But has affected its own interests while putting global economic development. And the stability of production and supply chains at risk.

“A trade war has no winners, and protectionism has no future,” the ministry said.
China urged the United States to immediately cancel unilateral tariff measures. And resolve differences with its trading partners through equal dialogue.

President Donald Trump escalated his global trade war on Friday. Announcing a 10 percent base tariff on imports from all countries, a move that will take effect today.

He also unveiled a higher tariff for dozens of countries that the White House deemed the most violatory on trade barriers. About 60 nations facing a higher reciprocal tariff will see these rates in effect on April 9.

The president also reported levies of 25 percent on all cars manufactured abroad, which will take effect from today.
China (34 percent), Vietnam (46 percent), Taiwan (32 percent) and the European Union (20 percent) are among those affected by reciprocal tariffs.

With information from Prensa Latina
Translated by Radio Angulo

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