In a strong response to recent U.S. trade policies, the Chinese mainland's Ministry of Commerce has called on the United States to cease using tariffs as a coercive tool. Ministry spokesperson He Yadong addressed the media on Thursday, emphasizing that the U.S. decision to impose reciprocal tariffs on its trading partners is deeply concerning.
He Yadong highlighted that international trade thrives on each country's unique resources and comparative advantages, aiming to fuel global economic growth and improve living standards worldwide. The spokesperson criticized the U.S. move as a violation of World Trade Organization (WTO) rules, arguing that it undermines nearly eight decades of multilateral trade negotiations and the established balance of interests.
The Ministry of Commerce pointed out that the proposed reciprocal tariffs reflect a shift towards unilateralism and protectionism, disregarding the substantial benefits that the U.S. has long reaped from international trade. He Yadong warned that such actions could severely damage the multilateral trading system, which relies on principles like the most-favored-nation status, and disrupt global supply chains.
Furthermore, the spokesperson voiced concerns about the uncertainty these tariffs introduce into normal international economic and trade activities. He noted that many countries have openly opposed the U.S. approach, stressing that a trade war is a losing proposition with no winners. He Yadong urged the United States to rectify its practices and collaborate with all nations to find equitable solutions through equal consultation.
Reference(s):
Commerce ministry urges U.S. to stop using tariffs as coercive tool
cgtn.com
