The United States should stop using tariffs as weapons “to suppress the economy and trade in China,” Beijing mentioned.
China has called on Washington for “equal advice” after world markets fall in response to US president’s tariffs Donald Trump, who says “the market has spoken”.
Reuters reported this on Saturday, April 5.
State information agency Sinhua has published the position of the PRC government. It said the United States should “stop using tariffs as weapons to suppress China’s economy and trade and stop disturbing the legal rights of the Chinese to thrive.”
“China takes and will continue to take decisive steps to protect sovereignty, security and development interests,” the government said.
Washington “seriously has a multilateral trading system based on policies, and seriously the stability of global economic order.”
Representative of China Go Jiakun’s Ministry of Foreign Affairs published a photo on his Facebook, describing a fall Friday in American markets.
“The market says its word. It’s time for the United States to stop doing the wrong things and solve disagreements with trading partners through equal consultation,” he wrote.
Hong Kong Paul Chan’s financial minister told Rthk Public Broadcaster that Hong Kong will not introduce separate countermeasures, referring to the need for the city to remain “free and open.”
As you know, Donald Trump introduced additional tariffs of 34% for Chinese goods. As a result, the total amount of roles for China this year will reach 54%. Trump also closed the trading loophole, allowing small parcels from the PRC to enter the USA Duty -Free.
In this regard, China introduced tariffs by 34% for all American goods and limited exporting of certain rare elements of the land.
The markets in the world’s stock fell strongly after China’s corresponding actions. In one week, the S&P 500 fell 9%.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.