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Will take countermeasures to US tariffs: China

Will take countermeasures to US tariffs: China
Chinese Foreign Ministry spokesperson Hua Chunying (file)

Beijing/Washington, July 11 (UNI) China on Wednesday accused the US of bullying and said it would take "necessary countermeasures" to safeguard its interests, hours after the US announced 10 per cent tariffs on an extra $200 billion worth of Chinese imports.

"The behaviour of the US is typical 'trade bullying," Chinese Foreign Ministry spokesperson Hua Chunying said.

"This is a war between unilateralism and multilateralism, between protectionism and free trade, and between power and rules."

The US Trade Representative's office earlier announced a $200 billion list of Chinese goods for possible 10 percent tariffs, including food products and burglar alarms.

Last week, the US had imposed 25 per cent tariffs on $34 billion of Chinese imports, and Beijing responded immediately with matching tariffs on the same amount of US exports to China.

Hua said, "China will work with the international community to jointly safeguard the multilateral trading system and rules."

She said countries around the world are interdependent, sharing weal and woe, since their economies are integrated into the global industrial and value chain to varying degrees.

Holding on to the outdated zero-sum mentality and willfully launching the trade war not only undermines interests of the two parties directly involved, but also others in the global industrial chain, and there will be no winner, Hua said.

Forty per cent of Chinese export goods and two thirds of its export high-tech products are made by foreign enterprises in China, according to Hua.

"The U.S. is not only opening fire to the whole world, but also firing at itself," Hua said. "Authoritative sources of the world economic circles have said that the irrational behaviour of the US is dangerous, hurts itself and others, and is discredited," Xinhua news agency quoted Hua as saying.

She urged the international community to resolutely reject unilateralism, oppose protectionism, and safeguard the multilateral trading system and free trade rules.

UNI SRJ

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