Member ID:
Stay logged in for 30 days
Forget Your Password?

login CCFGroup App

Economy | Time:Apr 3 2018 8:47AM
China urges US to revoke improper protective measures
Text size
BEIJING - China on Monday urged the United States to revoke protective measures that violated rules of the World Trade Organization (WTO) to bring the bilateral trade of related products back to normal.

The US measures against imports from a minority of countries abused the security exception clause of the WTO and seriously went against the principle of non-discrimination in multilateral trade system, the Ministry of Commerce (MOC) said in an online statement.

"China's interests were seriously damaged," the MOC said.

The ministry proposed tariffs for US products worth about $3 billion on March 23 to balance losses caused by a protectionist and unilateral decision from the United States to impose a 25 percent tariff on steel and 10 percent on aluminum.

Public opinion had been solicited until March 31. Based on a strong support, China decided to put the measures into effect, the MOC said.

The statement was released to comment on China's announcement to discontinue tariff concessions on some US products starting Monday.

The Ministry of Finance said Monday China has decided to impose a tariff of 15 percent on 120 items of products imported from the United States including fruits and related products, and a tariff of 25 percent on eight items of imports including pork and related products from the country.

Source: Xinhua

Related Articles
China continues anti-dumping measures on cellulose pulp imports
China calls for compliance with WTO rules, opposes trade
China's GDP expanded by 6.8% in Q1: NBS
China cuts bank's reserve requirement ratio to boost small business
China sees more independence of trade associations from government
Factbox: China's strong and solid economic performance in Q1
China's reform and opening-up policy contributes to growth
AIIB adopts strategy to attract private capital
China can fulfill modernization bids by 2049: Academic
Good prospects for Sino-EU ties
Development of nylon 6 flat filament market

浙公网安备 33010902000742号