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China's industry, commerce community urges US to stop tariff hike on Chinese goods
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IntroductionThe United States should earnestly abide by World Trade Organization (WTO) rules and immediately sto ...
The United States should earnestly abide by World Trade Organization (WTO) rules and immediately stop further increasing additional tariffs on some Chinese goods, a spokesperson with the China Council for the Promotion of International Trade (CCPIT) has said.
On top of existing tariffs under Section 301, the United States on Tuesday decided to raise additional tariffs on its imports of some Chinese products including electric vehicles (EVs), lithium-ion batteries, solar cells, critical minerals, semiconductors, steel, aluminum, and cranes.
"China's industry and commerce community firmly opposes this U.S. act," said the spokesperson.
On behalf of China's industry and commerce community, the CCPIT and China Chamber of International Commerce have called on the United States to earnestly abide by WTO rules and immediately revoke these tariff increases.
They encouraged the industry and commerce communities of both sides to enhance mutual trust and cooperation, jointly maintain the stability and smooth operation of industrial and supply chains, and work for the accelerated recovery of the world economy.
China's EV, lithium-ion battery, and solar cell industries, among others, have injected strong impetus into the global energy conservation drive, boosted emission reduction efforts, as well as promoted green innovation and development via continuous technological innovation, active participation in market competition, and deep integration into the global supply chain, the spokesperson said.
The Office of the U.S. Trade Representative has ignored WTO rules and continued to abuse the Section 301 tariff review procedure to substantially increase tariffs on some products imported from China, said the spokesperson, calling it a typical form of unilateralism and trade protectionism practice.
At the same time, the United States provides a large amount of subsidies for its own electric vehicle, semiconductor and other industries, which obviously violates the principle of market economy and international economic and trade rules, and seriously undermines the stability and security of global industrial and supply chains, said the spokesperson.
The additional levy will cause tariffs on Chinese EV imports to rise to 100 percent this year, while the tariff rate will increase to 50 percent on solar cell imports this year. In addition, tariffs on certain Chinese steel and aluminum products will climb to 25 percent this year, and semiconductor tariffs will soar to 50 percent by 2025.
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