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China won’t give in to extreme pressure by the United States on tariffs and will firml
y defend its core interests, as it has sufficient countermeasures available, experts said.银河官网亚博投注网419品茶微信
The reaction came after the Ministry of Commerce expressed strong opposition on Saturday
银河官网亚博投注网419to a new threat of additional tariffs by the US on about $550 billion worth of Chinese imports. The ministry urge
d Washington to reverse course immediately or be prepared to “bear all the consequences”.
The fresh retaliatory threat by the US violates the consensus reached between the count银河官网亚博投注网419品茶微信
ries’ top leaders and severely undermines the multilateral trading system and normal international trade o
rder, the ministry said, adding that Washington will eat the bitter fruit of its own actions.
银河官网亚博投注网419Gu Xueming, head of the ministry’s Chinese Academy of International Trade and Economic Cooperation, said none of the ex
treme pressure tactics and intimidation by the US will work with China, which will unswervingly protect itself.
In the future, the country’s countermeasures will be more rational, firmer and more powerful, Gu said at a seminar in Beijing on Sunday.银河官网亚博投注网419品茶微信
Noting that cooperation is the only correct choice, Gu said he hoped the US will see the situation clearly, give up its illu
sions and resolve its differences with China under the principle of mu银河官网亚博投注网419
tual benefit and respect. Any agreement must be acceptable to both sides, Gu said.
Bai Ming, a senior researcher at the acad
银河官网亚博投注网419emy, said China has sufficient tools in its toolbox to use to counter the US adm
inistration’s unilateral tariff actions. The “quality” of the tools matters most, he said.
On Friday, the US administration said it will hike duties on $250 billion worth of Chinese银河官网亚博投注网419
goods from the current 25 percent to 30 percent beginning on Oct 1, and the re
maining imports of $300 billion from the previously planned 10 percent to 15 percent on Sept 1.
The move followed Beijing’s plan on Thursday to raise银河官网亚博投注网419品茶微信
tariffs on $75 billion worth of US goods in a response to the US side’s planned levies on a
n additional $300 billion worth of Chinese imports, announced earlier this month.