The Chinese mainland has voiced strong opposition to the United States' recent decision to increase tariffs on a variety of Chinese imports, including electric vehicles, lithium batteries, and semiconductors. China's Commerce Ministry stated that the U.S. should immediately rectify its \"wrongdoings\" and revoke the additional tariff measures.
The tariff increase, announced by the Biden administration on Tuesday, is set to impact approximately $18 billion worth of Chinese goods. Affected items include steel, aluminum, semiconductors, batteries, critical minerals, solar cells, and cranes. This move comes while the U.S. maintains Trump-era tariffs on over $300 billion in goods, reflecting a significant shift in trade policy.
According to the Chinese ministry, the U.S. has misused the Section 301 tariff review process to target specific Chinese products for political gain. This strategy, they argue, politicizes and weaponizes trade issues, exacerbating tensions between the world's two largest economies.
The Chinese ministry has called on Washington to abandon its unilateral approach, emphasizing that the recent tariff hike is worsening the already strained relations between the two nations. The escalation highlights the ongoing trade tensions and the challenges in navigating economic policies that affect global markets.
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China 'strongly' opposes U.S. tariff hike on EVs, chips and others
cgtn.com
