China Calls New US Tariff Policy ’Step in Wrong Direction’
The new US proposal to slap tariffs on certain Chinese products is yet another Washington's "step in a wrong direction," according to Chinese Ambassador to the US Cui Tiankai.
"Today's announcement is another step in the wrong direction. We will certainly respond accordingly," the ambassador said.
"We will resort to the WTO [World Trade Organization] dispute settlement mechanism and we will in accordance with Chinese laws take measures to fight back. Maybe with the same intensity, the same scale," Cui said in an interview with CNBC.
The country's official further noted that in the modern world, all the economies were interconnected and if any harmful actions were taken then such steps would definitely have a negative impact on other economies.
"I think it will have negative impact clearly on Chinese economy, but it will also have a negative impact on the US economy. Such protectionism would not protect anybody. It will not protect American workers or American farmers. It will not protect American business or American consumers. Actually it will hurt everybody, including the US economy itself," the ambassador said, speaking about the recently announced list of tariffs.
On Tuesday, the Office of the US Trade Representative said in a press release that the United States was set to impose additional tariffs on around 1,300 Chinese products, including those produced by China's aerospace and information technology industries.
A number of other Chinese officials have already criticized the decision of the United States. Chinese Foreign Ministry's spokesman Lu Kang said that Beijing would resort to the WTO dispute settlement mechanism, while Zhang Xiangchen, the permanent envoy of China to WTO, called on other states to cooperate with Beijing in resisting the protectionist policy of Washington.
Source: News Agencies, Edited by website team