Big news between China and America
In the past few days, trade frictions between China and the United States have drawn global attention. On April 5, local time, after the Ministry of Commerce of the People's Republic of China released a list of tariffs on imported goods from the United States, President Trump suddenly issued a statement and he considered reconsuming 100 billion yuan for China. U.S. dollar exports are subject to tariffs. In response to this move, Chinese Ministry of Foreign Affairs spokeswoman Lu Wei said that China has made full preparations. If the United States announces a new list of US$100 billion taxable products, we will not hesitate to immediately and vigorously counterattack.
In an interview with China Voices, authoritative experts in various fields indicated that the protectionism and unilateralism that the United States has been obsessively aiming at will have a huge impact on the recovery of the global economy. China is confident, powerful, and capable of giving a strong counterattack.
China and the United States are both WTO members. The WTO has established rules for trade relations between member countries. The purpose is to gradually lower the tariff and non-tariff trade barriers of member states by establishing principles that are open, equal, and mutually beneficial. A dynamic, long-lasting multilateral trading system. However, the 301 investigation in the United States runs counter to the principles of the WTO. Wei Jianguo, deputy director of the China International Economic Exchange Center, ( main shirt )stated that, in concrete terms, the United States violated the principles of most-favoured-nation treatment and non-discriminatory treatment of the WTO.
Experts said that in the face of provocation from the United States, China is confident, powerful, and capable to give a strong counterattack, allowing the United States to pay for its irresponsible hegemony.