The China Chamber of Commerce of Metals, Minerals and Chemicals Importers and Exporters (CCCMC) has issued a forceful rebuke against new U.S. tariffs framed as 'reciprocal' measures, warning the move disrupts global trade norms and threatens economic stability across Asia.
In a statement released Thursday, the CCCMC argued that Washington’s tariff hikes on Chinese imports violate World Trade Organization (WTO) principles and unfairly target Beijing. <\/p>
'Reciprocity cannot be used as a pretext for unilateral protectionism,' the chamber asserted, emphasizing that WTO rules require disputes to be resolved through multilateral mechanisms rather than ad hoc penalties. Analysts suggest the escalation could further strain U.S.-China trade relations, impacting supply chains for critical minerals and manufacturing sectors worldwide.<\/p>
The dispute highlights growing friction over trade fairness, with Beijing reaffirming its commitment to 'open, rules-based cooperation.' The CCCMC called for dialogue to prevent broader market instability, a concern for investors navigating Asia’s evolving economic landscape.<\/p>
