CCTV News: The spokesperson of the Ministry of Commerce delivered a speech today (April 3) on the US's announcement of reciprocal tariffs. The Ministry of Commerce said that China firmly opposes this and will resolutely take countermeasures to safeguard its rights and interests. The US claims to have suffered losses in international trade and raise tariffs on all trading partners on the grounds of so-called "reciprocity". This practice ignores the results of the balance of interests reached by multilateral trade negotiations over the years, and also ignores the fact that the US has long made a lot of profits from international trade. Based on subjective and unilateral assessment, the US side concluded that the so-called "reciprocal tariffs" do not comply with international trade rules and seriously damage the legitimate rights and interests of relevant parties. It is a typical unilateral bullying practice. Many trading partners have expressed strong dissatisfaction and clear opposition to this.
History has proved that raising tariffs cannot solve the United States' own problems, which not only harms the United States' own interests, but also endangers global economic development and stability of production and supply chains. There is no winner in the trade war, and there is no way out for protectionism. China urges the US to immediately cancel unilateral tariff measures and properly resolve differences through equal dialogue with its trading partners.
