In a recent development, China’s Ministry of Commerce has formally urged the United States to withdraw its Section 232 investigation into copper imports. The ministry spokesperson, He Yadong, addressed the matter during a press conference on Thursday, vehemently rejecting the US’s claims that China leverages subsidies and excess capacity to undercut competition.
He Yadong criticized the US probe as a unilateral and protectionist move cloaked under the guise of 'national security.' He emphasized that such actions undermine the rules-based multilateral trading system, posing threats to the stability of global production and supply chains.
Highlighting international perspectives, He pointed out that an expert panel from the World Trade Organization (WTO) had already ruled in 2022 that the US Section 232 tariff measures were in violation of WTO rules. This stance reinforces China’s position that the US’s actions lack a solid foundation.
Interestingly, China remains a net importer of refined copper, exporting only a minimal amount of copper products. This fact underscores China’s limited role in the copper export market and challenges the rationale behind the US’s protective measures.
Looking ahead, He Yadong stated that if the United States persists in imposing additional tariffs and restrictive measures, China is prepared to take resolute actions to safeguard its legitimate rights and interests. Despite the tension, the spokesperson expressed China’s willingness to engage in dialogue and consultation to resolve the issue, firmly opposing unilateral tariff measures.
This ongoing trade dispute highlights the fragile nature of international trade relations and the potential ripple effects on global markets. As both nations navigate these challenges, the international community watches closely, mindful of the broader implications for economic stability and growth.
Reference(s):
cgtn.com
