China’s business community urges US to stop tariff hikes on goods

BEIJING: 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 for the China Council for the Promotion of International Trade (CCPIT) has said.
The U.S. 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, on top of the existing tariffs under Section 301.
“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 the tariff increases.
They encouraged the industry and commerce communities on 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 the 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. –The Daily Mail-CGTN news exchange item