Chinese state -owned Global Times On Sunday, we concluded the Minister and Business Leader Blame President Donald Trump's 10 % tariff on imports from China will be implemented on Tuesday.
“China has a solid and consistent position. There are no winners in the trade war and tariff wars. One -sided tariff hiking in the United States is severely violating the WTO rules. This movement is the United States. The Ministry of Foreign Affairs said that it is not possible to solve problems at home, and that is even more important, no benefits on both sides, and the world will not benefit much. ” 。
The Ministry of Foreign Affairs claimed that the Fentanyl crisis was not a Chinese problem, but a problem in the United States, because China has claimed that one of the most strict and most thorough drug management policies in the world. Fentanyl was one of the main reasons that Trump imposed tariffs.
“The United States should objectively and rationally dealt with the Fentanyl crisis, rather than putting pressure on other countries using tariffs. Additional tariffs are not constructive, but for future cooperation in drug management. The Ministry of Foreign Affairs will be impaired. “
The Ministry of Commerce (MOFCOM) filed a lawsuit against Trump's tariffs (WTO) and said, “We will take measures to respond and protect its rights and profits.”
“China is strongly dissatisfied with the US tariffs imposed on Chinese products and is firmly opposed,” said Mofcom.
“China fixes incorrect practices to the United States, meets the Chinese side on the way, confront direct problems, engage in frank dialogue, strengthen cooperation, and differed based on equality, mutual interests, and respect. MoFCOM added to manage.
Similar objections were raised by the China Council (CCPIT) and the Ministry of Public Security to promote international trade.
“The fundamental cause of the US Fentanil crisis in the United States is the basic solution to reduce domestic drug demand and strengthen law execution cooperation,” said the Ministry of Public Security.
Global Times on sunday Ran An editorial of Ji Wenhua, a professor at Beijing University of International Business Economics. Ji claimed that Trump's tariffs violated the status of the “most preferred country” that China has under the WTO rules.
“The additional tariffs of Canada, Mexico, and China in China are essentially discriminatory. The exclusion of the actual tariffs on products from a specific country and the exclusion of Chinese products from other WTO members. Ji has obviously violating MFN treatment.
JI acknowledged that the WTO would allow unilateral tariff exceptions in the case of “public -consumed hygiene or threat to national security.”
JI concludes by predicting that Trump's tariffs will “backfire” by raising the price of imported goods, increasing the burden on consumers in the United States, and impairs the competitiveness of US companies worldwide. I did it.
Apple stock Fell Trump tariffs are 3 % on Monday on the fear of adding a large cost to the Chinese company's supply line. Only ELON MUSK's Tesla saw that market value declined significantly on the last day of the transaction before the tariff came into effect.
Apple has actually taken measures to diversify the supply chain since the first Trump administration, and has moved some of its products to Vietnam, Malaysia and India. Some analysts predict that Apple can reduce the damage to the revenue to less than 1 % without raising the price to consumers.
If other companies follow, Trump's tariff can have a short -term effect of turbo charging dangerous movements away from China. The reaction of such a development from Chinese editors and ministers will probably be proud of ROG with much less personality.
