China's leading machinery and electronics trade association has condemned new U.S. tariffs on Chinese goods, calling them a violation of international trade rules that could destabilize global supply chains and harm businesses on both sides of the Pacific.
The China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CCCME) warned the 10% tariff hike violates WTO principles, stating it “disrupts economic cooperation and penalizes U.S. importers as much as Chinese exporters.” The group emphasized that $650 billion in annual cross-border machinery trade between the two nations relies on stable policies.
“These tariffs are a lose-lose scenario,” the CCCME statement read, noting automakers and semiconductor buyers could face immediate price spikes. Analysts estimate 30% of U.S. industrial firms depend on Chinese machinery components.
The group urged Washington to “abandon protectionism” and pursue dialogue, echoing China's broader push for multilateral solutions through the G20 and APEC platforms. The dispute unfolds as global trade growth slows to 1.7% for 2023, according to WTO forecasts.
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China's machinery trade group criticizes U.S. tariffs as WTO violation
cgtn.com
