The spokesperson of the China Council for the Promotion of International Trade recently issued a statement on the results of the four-year review of the 301 tariff imposed on China by the Office of the US Trade Representative, calling on the US side to earnestly abide by WTO rules and immediately cancel the additional tariff measures against China.
On May 14 local time, the Office of the United States Trade Representative (USTR) released the results of the four-year review of the 301 tariffs on China, announcing that on the basis of the original 301 tariffs on China, it will further increase tariffs on related products imported from China.
"The Chinese business community is firmly opposed to this." The spokesman said that China's electric vehicles, lithium batteries, photovoltaic cells and other related industries through continuous technological innovation, active participation in market competition, deep integration into the global supply chain, the global energy conservation, emission reduction, green innovation and development injected a strong impetus. In defiance of WTO rules, the USTR continues to abuse the 301 tariff review process to significantly raise tariffs on some imports from China, which is a typical unilateralism and trade protectionism. At the same time, the United States also provides a large number of subsidies for its electric vehicle, semiconductor and other industries, which clearly violates the principles of market economy and international economic and trade rules, and seriously undermines the stability and security of the global industrial chain and supply chain.
On behalf of the Chinese business community, the China Council for the Promotion of International Trade and the China Chamber of International Commerce call on the US side to earnestly abide by the WTO rules, immediately cancel the tariff measures against China, encourage the Chinese and US business communities to strengthen mutual trust and cooperation, jointly maintain the stability and unimpeded industrial chain and supply chain, and accelerate the recovery of the world economy.
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