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• 2018/3/24

The United States has provoked the "trade war" and looked at the response of China

Beijing early morning of March 23rd, President Trump announced the signing of the memorandum, the U.S. trade representative office in China based on the 301 survey report, China instructed the departments concerned to take restrictive measures, including the China imports from large-scale tariffs, commodity tax of $60 billion, and limit the China mergers and acquisitions Investment Enterprises in the United states.

In response, China's Ministry of Commerce issued a tough counterattack. It released a list of the 232 measures for the import of steel and aluminum products in the United States, and solicited public opinions.

Ministry of Commerce: once China's interests are damaged, China will be resolute

23, the Ministry of Commerce issued a suspension for U.S. imports of steel and aluminum products 232 measures of reduction product list and public comment, intends to levy tariffs on imports from the United States and some products, in order to balance the interests of China due to the United States to cause loss of tariffs on imported steel and aluminum products.

The tentative list includes 7 categories and 128 tax products, according to 2017 statistics, the export of $3 billion relates to the United states. The first part of a total of 120 taxes, $977 million relates to the United States and China export, including fresh fruit, nuts and nut products, Wine, modified ethanol, American ginseng, seamless steel pipe and other products, to be imposed a 15% tariff. The second part totalling 8 taxes, involving US $1 billion 992 million exports to China, including pork and products, recycling of aluminum and other products, is to impose a tariff of 25%.

Chen Fuli, director of the Ministry of Commerce, 23, said that the US 301 survey ignored the WTO rules and ignored the reality of China, ignoring the nature of Sino US economic and trade relations. We have made full and comprehensive preparation. We will pay close attention to progress and carefully evaluate it. Once China's interests are damaged, China will be resolute.