China opposes possible additional 7.5% US tariff
China has expressed strong opposition to the possible introduction by the United States of an additional 7.5% tariff on imports of goods from China. Beijing said it reserves the right to take necessary countermeasures.
Beijing's position
Chinese Ministry of Commerce spokesperson Huang Lin made the statement during a press conference in Beijing on August 27, commenting on US claims of “overcapacity.” ECNS reports on the position of the Chinese ministry.
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According to Huang Lin, Washington has launched Section 301 investigations into 16 economies, including China. The Chinese Ministry of Commerce representative called the move an attempt to politicize trade issues, as well as a manifestation of unilateralism and protectionism.
Arguments regarding exports
The spokesperson also referred to a position paper by China's Ministry of Commerce, released on July 28, titled “China's Position on the So-Called Problem of Overcapacity.” The document states that the growth of Chinese exports is driven by production scale, innovation, and global demand related to the transition to a green economy.
