Reaction of the Chinese ministry to customs: Threats and pressure are not the right way to deal with China – commented on Monday a spokesman for the Chinese Ministry of Foreign Affairs Lin Jian. Called the “mutual duties” of the president USA Donald Trump “intimidation”.
Duties in response to duties: Let us remind you that last week China was covered by an additional 34 % by the USA. customs stake. In response, the duties in the same amount were imposed by Beijing on goods imported to China from the United States.
“Economic intimidation”: Lin Jian at a press conference assessed that customs are “a typical unilateral action, protectionism and economic intimidation.” A spokesman for the Chinese Ministry of Foreign Affairs, cited by the Reuters agency, added that The US duties imposed in the name of reciprocity serve only the interests of Washingtonat the expense of other countries. – The abuse of tariffs by the United States is tantamount to deprivation of countries, especially those from the global south, the right to development – he commented.
Cooperation with the EU? From the beginning of this year Customs rates applied to China increased by as much as 54 percent. The Chinese authorities announce that in addition to retaliation duties, they can take other actions to protect their own interests. Beijing has limited export to the USA key metals of rare lands used in high technology industry. In the face of the customs war with USA Chinese authorities probe the possibility of strengthening economic cooperation with the European Union.
See also: Europe is preparing an answer to American duties. More in the text “A plan is born in Europe. France wants to hit the most. There is also a 'nuclear option' '.
Sources: ReutersIAR