China’s Commerce Ministry has urged the United States to reverse its decision to raise tariffs on Chinese goods.
The U.S. Trade Representative’s office late last week confirmed plans to increase tariffs to 25% on Chinese batteries and steel, 50% on semiconductors and 100% on electric vehicle imports from China. Most of these rates will come into effect from September 27.
The White House first proposed the tariffs in May during a review under Section 301 of the Commerce Act of 1974. In a weekend statement, the Commerce Department voiced its opposition to the measures.
“The US 301 tariff measures are typical unilateralism and protectionism,” the ministry said. “They not only seriously undermine the international trade order and the security and stability of the global industrial and supply chain, but also fail to solve their own trade deficit and industrial competitiveness problems. They also drive up the prices of imported American goods, and the costs are ultimately borne by American businesses and consumers.”
It said most of the public comments the Office of the U.S. Trade Representative received on the measures “opposed the imposition of tariffs or requested expansion of tariff waivers.” The ministry added that China “will take the necessary measures to resolutely defend the interests of Chinese companies.”
The Canadian government is currently considering an additional tax on solar products, batteries and battery parts, semiconductors and critical minerals from Chinese manufacturers, after recently imposing a 100% surcharge on Chinese-made electric vehicles and a 25% surcharge on imports of steel and aluminum products from China. China.
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