- US actions ignore that it has benefited from Intl’s trade, says China.
- China hits the United States that severely violates the rules of the World Trade Organization.
- China will open its doors to the world regardless of how Intl’s situation changes.
The Chinese government has strongly condemned and firmly opposed tariffs imposed by the administration of Donald Trump, saying that the actions taken by the United States violate the fundamental economic principles and market standards and do not take into account the balanced results achieved through multilateral commercial negotiations, Xinhua reported.
The Chinese government statement said these actions ignore the fact that the United States has benefited substantially from international trade.
The use of tariffs as an extreme pressure tool for selfish gain is an example of a textbook of unilateralism, protectionism and economic harassment, he added.
The United States, with several pretexts, has recently imposed tariffs on all commercial partners, including China, who severely violates the legitimate rights and interests of nations.
The movement severely violates the rules of the World Trade Organization (WTO), severely harms the multilateral trade system based on rules and severely interrupts the stability of the global economic order.
In addition, the Government Declaration said that under the appearance of seeking “reciprocity” and “equity”, the United States is participating in zero sum games and, in essence, looking for “America first” and “American exceptionalism.”
He said that the United States is exploiting tariffs to subvert the existing international economic and commercial order, prioritizing the interests of the United States over the global common good and sacrificing the legitimate interests of countries around the world to serve their own hegemonic agenda.
“Such actions will inevitably face a generalized opposition from the international community,” he said.
It was also emphasized by the statement that, as the second largest economy in the world and the second largest consumer market for goods, China will open its wider doors to the outside world regardless of how the international situation changes.
Economic globalization is the only way to follow for the development of human society. The multilateral trade system based on rules with the WTO in its nucleus has made important contributions to promote global trade, economic growth and sustainable development, the statement said.
“It is the shared responsibility of the international community to make economic globalization more open, inclusive, universally beneficial and balanced,” he said.
There are no winners in trade wars or rates wars, and protectionism leads to a dead end, he emphasized, and added that all countries should defend the principles of extensive consultation, joint contribution and shared benefits, defend the genuine multilateralism, work together to oppose all forms of unilateralism and protectionism, and maintain the international system with the international system with the multilateral nucleus with the multilateral nucleus Multilateral commercial system.
The statement highlighted the belief that the vast majority of countries that value justice and justice will remain on the right side of history, making decisions that serve their own interests. The world must embrace equity, not hegemony.
