China Responds to New Tariff List

iFeng: 商务部:近日对美产品采取同等力度、同等规模对等措施
The spokesperson of the Ministry of Commerce stated that the United States disregards China’s solemn representations, has no basis in fact, and publishes taxation proposals. It is typical of unilateralism and trade protectionism. The Chinese side strongly condemns and firmly opposes it.

He pointed out that the list released by the United States disregards the essence of the mutually beneficial and win-win development of Sino-U.S. economic and trade cooperation over the past 40 years, disregards the voices of the industry in both countries and the interests of consumers, is not conducive to the U.S. national interest, is not conducive to the national interest of China, and is not conducive to Global economic benefits.

He said that the US approach has seriously violated the basic principles and spirit of the WTO, and China intends to immediately refer the relevant US practices to the WTO dispute settlement mechanism.
ifeng: 中国驻WTO大使力批美301:肆虐一时 臭名昭著!
Zhang Xiangchen reminded that in the history of the multilateral trading system, “Section 301” was rampant and was notorious, and it was resisted by many countries. The WTO also made a clear ruling in early 2000. In the following ten years, “Section 301” Do nothing. Now, the United States has made a promise that does not violate the WTO ruling, and the US government’s ink on the administrative statement regarding the implementation of “Section 301” in conformity with the WTO rules has not yet been done. The United States has openly adopted the “Section 301” measure against China. Serious, badly affected.

"The Chinese side will take all necessary measures to resolutely defend its legitimate rights and interests." Zhang Xiangchen said that China will immediately refer the relevant US practices to the WTO dispute settlement mechanism. At the same time, according to the "People's Republic of China Foreign Trade Law," the relevant provisions, to prepare for the United States to China to take the same measures, the same scale of reciprocity measures. "This is a necessary measure to deal with emergencies and is a just move to curb the spread of trade protectionism."
iFeng: 北大教授:不排除中美两国发生第一次贸易战可能性
There is no winner in the trade war. China's current restraint policy is reasonable. It is still possible to avoid trade wars. This is something that we should strive for. At the same time, I feel that there has been some change in the U.S. Observing the aggressive momentum of the US 301 investigation and comparing the characteristics of historical investigations, we cannot rule out the possibility that the two countries will have the first trade war. We must have a pragmatic understanding of this,” said Peking University’s national development. Lu Feng, a professor at the institute, emphasized to Fenghuang.com that “There is no winner in the trade war. Only the loser does not have a winner, but combining the intentions and motivations of the countries concerned to provoke or participate in a trade war, the trade war can be evaluated in terms of winning or losing. ”

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