China has taken a significant step in the ongoing trade tensions by filing a formal complaint with the World Trade Organization (WTO) following the United States' announcement of an additional 10 percent tariff on selected Chinese products. This development marks a critical escalation in the economic discourse between the two global powers.
A spokesperson from China's Ministry of Commerce addressed media inquiries on Tuesday, stating that the move aims to protect China's legitimate rights and interests. The spokesperson criticized the U.S. decision, highlighting that it constitutes a serious violation of WTO rules and exemplifies unilateralism and trade protectionism.
The spokesperson further elaborated that the additional tariffs not only undermine the rules-based multilateral trading system but also erode the foundations of China-U.S. economic and trade cooperation. This, they added, disrupts the stability of global industrial and supply chains, which are crucial for international economic health.
China has expressed strong opposition to the U.S. actions, urging the United States to rectify what it describes as wrongful behavior immediately. Emphasizing its role as a staunch supporter and significant contributor to the multilateral trading system, China has reiterated its readiness to collaborate with other WTO members to address the challenges posed by unilateralism and trade protectionism.
The Chinese spokesperson concluded by asserting China's commitment to safeguarding the orderly and stable development of international trade, despite the escalating trade tensions with the United States.
Reference(s):
cgtn.com
