China has lodged a formal complaint with the World Trade Organization (WTO) following the United States' decision to impose an additional 10 percent tariff on Chinese products. The announcement was made by a spokesperson from the Ministry of Commerce on Tuesday.
In response to media inquiries, the spokesperson emphasized that the move aims to safeguard China's legitimate rights and interests. \"The U.S. imposition of additional tariffs on Chinese products has seriously violated WTO rules,\" the spokesperson stated. \"This egregious act is typical of unilateralism and trade protectionism.\"
The spokesperson further remarked that the U.S. actions undermine the rules-based multilateral trading system, erode the foundation of China-U.S. economic and trade cooperation, and disrupt the stability of global industrial and supply chains.
\"China firmly opposes the U.S. actions and urges the U.S. side to immediately rectify its wrongdoings,\" they added, noting the strong condemnation from the majority of WTO members over the U.S.'s repeated unilateral moves.
As a staunch supporter and significant contributor to the multilateral trading system, China expressed its readiness to collaborate with other WTO members to address the challenges posed by unilateralism and trade protectionism. \"We are committed to safeguarding the orderly and stable development of international trade,\" the spokesperson affirmed.
The escalating trade tensions between the world's two largest economies have raised concerns over global economic stability. Analysts suggest that the dispute could have far-reaching effects on international trade and investment flows, emphasizing the importance of dialogue and cooperation in resolving such conflicts.
Reference(s):
cgtn.com
