China's business community is calling on the United States to cease increasing tariffs on a range of Chinese goods, emphasizing the need for adherence to World Trade Organization (WTO) rules.
On Tuesday, the U.S. announced additional tariffs on several Chinese imports, including electric vehicles (EVs), lithium-ion batteries, solar cells, critical minerals, semiconductors, steel, aluminum, and cranes, under Section 301.
In response, a spokesperson for the China Council for the Promotion of International Trade (CCPIT) stated, \"China's industry and commerce community firmly opposes this U.S. act.\" The CCPIT and the China Chamber of International Commerce have urged the United States to follow WTO regulations and immediately revoke the tariff increases.
The spokesperson further encouraged both Chinese and American industry and commerce sectors to build mutual trust and cooperation. This collaboration is seen as essential to maintaining the stability and smooth operation of global industrial and supply chains, as well as to accelerating the recovery of the world economy.
Highlighting the impact of Chinese industries, the spokesperson noted that sectors such as EVs, lithium-ion batteries, and solar cells have significantly contributed to global energy conservation, emission reduction, and green innovation through continuous technological advancements and active participation in global markets.
Criticism was also directed at the U.S. Trade Representative's actions, describing them as a violation of WTO rules and a form of unilateralism and trade protectionism. Additionally, the spokesperson pointed out that the U.S. provides substantial subsidies to its own EV and semiconductor industries, which undermines international economic and trade principles and threatens the stability of global supply chains.
The new tariffs will increase the rate on Chinese EV imports to 100% this year, solar cell imports to 50%, certain steel and aluminum products to 25%, and semiconductor tariffs to 50% by 2025.
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China's business community urges U.S. to stop tariff hikes on goods
cgtn.com
