China imposes 34% tariff on all imported goods from the United States and urges the United States to cancel its unilateral tariff measures

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MarsBit
04-04
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Mars Finance News: On April 4th, according to official sources, starting from 12:01 on April 10th, China will impose a 34% tariff on all imported goods originating from the United States. The Ministry of Commerce has decided to add 16 U.S. entities, including High Point Aviation Technology Company, to the export control list. Exports of dual-use items to these 16 U.S. entities are prohibited, and ongoing export activities must be immediately stopped. Eleven U.S. companies, including Skadio, have been added to the list of unreliable entities. These companies are prohibited from conducting import and export activities related to China and from making new investments within China. The Ministry of Commerce stated that on April 2nd U.S. Eastern Time, the U.S. announced "reciprocal tariffs" on all trading partners, including China, and China has filed a complaint through the WTO dispute settlement mechanism. The U.S. imposition of so-called "reciprocal tariffs" seriously violates WTO rules, severely damages the legitimate rights of WTO members, and seriously undermines the rule-based multilateral trading system and international economic order. This is a typical unilateral bullying approach that endangers the stability of the global economic and trade order. China firmly opposes this. China has always been a steadfast defender of the international economic and trade order and a firm supporter of the multilateral trading system. China urges the U.S. to immediately correct its wrong practices and cancel unilateral tariff measures. (Jin Shi)

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