Chinese business community supports government policy on protectionism

Updated 2018-04-08 09:46:19 Xinhua

Chinese business community supports government countermeasures against U.S. protectionism, the China Chamber of International Commerce (CCIC) said in a statement.

The remarks came after the U.S. President Donald Trump said Thursday that he had asked the U.S. Trade Representative (USTR) to consider "100 billion U.S. dollars of additional tariffs" on Chinese products.

Calling the U.S. move "irrational and erroneous", the CCIC urged the United States not to go further down the wrong path.

"We reaffirm that the U.S. 301 Section investigation violates rules of the World Trade Organization and impairs not only interests of both countries, but also the world economy at large," the statement said. < The investigation and its report lack evidence and adopted double standards, the CCIC said.

Unilateral protectionism is folly considering the Sino-U.S. economic trade relationship is growing fast, it added.

China will fight "at any cost" and take "comprehensive countermeasures" if the United States continues its unilateral, protectionist practices, a spokesperson with the Ministry of Commerce said Friday.

Earlier this week, the U.S. Trade Representative office proposed imposing an additional 25 percent tariff on 50 billion dollars worth of imports from China, which drew strong opposition from business groups.

Hours after the release of the proposed tariff list, China struck back with a tariff plan of equal scale, with a list of U.S. products including soybeans, automobiles, aircraft and chemical products.

The date of implementation will depend on when the U.S. government imposes the tariffs on Chinese products, according to the Ministry of Finance.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58February 22 2019 17:08:05

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16February 22 2019 17:08:05

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18February 22 2019 17:08:05

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords