The US wants to tax China another $100 billion in commodities and see how China responds to it

(US considers imposing tariffs on $100 billion of Chinese goods)

Mr Trump's statement said the US Trade Representative's office had conducted the investigation under section 301 of the 1974 trade law. On April 3rd the U.S. trade representative's office released a list of Chinese goods to be taxed according to the "301 survey", worth about $50 billion.
In the statement, Mr Trump said he had instructed the US trade representative to consider whether it would be appropriate to impose tariffs on $100bn of Chinese goods under "clause 301" and, if so, to determine which would be appropriate. Meanwhile, Mr Trump said he had instructed the Secretary of Agriculture, with the assistance of other cabinet members, to implement a plan to protect the interests of American farmers and agriculture.

Mr Trump said the United States was prepared to negotiate despite those actions.
Any proposed list of additional duties would be subject to the same public review process as the proposed list of goods to be taxed, published on April 3rd, said U.S. trade representative rutzer. The additional duties will not take effect until the relevant procedures are completed.
[China responded quickly: It will follow you to the end, at any cost]
China's Ministry of Commerce and Foreign Ministry of Foreign Affairs, a spokesman for the 6 am response: We take note of the United States statement. China has made its position clear on China-US trade and economic issues. We don't want to fight, but we're not afraid of a trade war.

The spokesman said that we would listen to the US statement. If, despite China's and the international community's opposition, the United States persists in its unilateral and protectionist actions. The Chinese side will follow suit to the end, will do whatever it takes, will resolutely fight back, will resolutely adopt new comprehensive measures to safeguard the interests of the country and people.
He pointed out that the economic and trade conflict between China and the United States had been provoked by the United States and was essentially a provocation by United States unilateralism to global multilateralism and United States protectionism to global free trade. China will continue to expand reform and opening up, maintain the multilateral trading system and promote global trade and investment liberalization and facilitation.

Source: Pier. Photo by Yujing, China News Agency

(Ministry of Commerce responds to US new tax list: China has drawn up specific countermeasures)
The Ministry of Commerce held a temporary press briefing on the evening of June 6 to respond to issues related to China-US economic and trade relations. The spokesman said that China had formulated very specific countermeasures. The Chinese have always been very serious in their affairs, and we will certainly keep our word.
The summit said that we feel that the United States behavior is very unreasonable. The United States seriously misjudged the situation, took the extremely wrong action, the result of such action is "lifting a stone to his own feet."
He said the Chinese side is fully prepared to launch an immediate and vigorous counterattack if the US announces a list of new 100 billion tax products. We don't rule out any options.

In response to a recent senior US official saying that China and the United States were engaged in negotiations over a trade conflict, the summit noted that the Chinese had noted that different US officials had expressed that intention, but that this was not in line with the actual situation. For some time, neither side's financial officials had held any talks on trade and economic issues. Summit said the United States announced 301 investigation report and product recommendations list, China will resolutely respond; The United States has again proposed an increase of $100 billion in taxed commodities, and China has responded more firmly. Under these circumstances, it is even more unlikely that the parties will engage in any negotiations on this issue.

In response to a question about "what would China do if the US took further steps to upgrade", the summit said that we were prepared to take further steps in line with the bottom line approach and had drawn up very specific countermeasures. The Chinese way of doing things is that we won't start a fight, but if someone does, we will fight. The Chinese have always been very serious in their affairs, and we will certainly keep our word.
China is fully prepared to do what China has always said.
Foreign Ministry spokesman Lukang said again on the evening of the 6th, we said that China will not pick a fight, but will not pick a fight, will resolutely respond. The Chinese always do what they say.

Lukang pointed out that the United States appears to have seriously misjudged the situation and taken extremely wrong action. The US move will ultimately harm its own interests. The Chinese side is fully prepared to launch an immediate and vigorous counterattack if the US announces a list of $100 billion in new tax products. We said that the United States should not take a chance.
Lukangcheng, we believe that this is the United States to use unilateralism against multilateralism, protectionism against the fight for free trade. If multilateralism and free trade are threatened and the process of economic globalization is undermined, the recovery of the entire world economy will be seriously threatened, to the detriment of China's vital interests and the global common good. Faced with such a major problem, we must fight resolutely.

Lu Kang further stressed that China's Ministry of Commerce has indicated that we are ready to take further steps to upgrade the United States and have drawn up very specific countermeasures. We have said that China will not pick a fight, but it will not pick a fight. The Chinese always do what they say.

Data map: container waiting to be loaded on the dock. Huyan

[The industry is urging the US government to return to upholding the multilateral trading system.]

The International Chamber of Commerce of China has noted that trade protectionism has brought great disaster in history and that a stable multilateral trading system has not come easily. In the course of the rapid development of China-US economic and trade relations, it is normal for both sides to have mutual demands, but in the face of these demands, it is foolish to hope for unilateral protectionism.

The International Chamber of Commerce of China calls on the international business community, including the United States business community, to take timely and effective measures to urge the United States Government to work together to safeguard the multilateral trading system, promote global trade liberalization and facilitation and safeguard a fair and just international business environment.
China-US auto cooperation is mutually beneficial cooperation, each playing its own advantage is a win-win situation, said Dongyang, vice president of the Association. If the US loses the Chinese market, it will lose its lead in the future of the auto industry.
Assistant Secretary General Xuhaidong said the escalation of trade friction between China and the United States will inevitably affect the export of American cars to the Chinese market. Xuhaidong predicts that in the future, in the area of intelligent driving, China will also be at the forefront of the international market, and that losing China will risk losing opportunities for future development.

International public opinion is concerned about China's tough stance and criticizing the US for harming the global economy.
The Financial Times commented that the 5-day White House statement has raised the level of trade rivalry between the two countries. The wrangling has weighed on global markets, heightening fears of a trade war that could undermine global growth.

US financial markets have been destabilized by a trade dispute between China and the United States and the administration of the US president, the Daily Telegraph reported on Sunday. After a bullish normal trading day, US stock index futures tumbled in after-hours trading. US stock index futures fell 1 per cent, the dollar fell against other major currencies, while Asian stocks fluctuated in positive territory. Mr Trump's 5-day statement could undermine efforts by top US and Chinese trade officials to avoid a "comprehensive trade war" that could harm the world's two largest economies, the report said.

Several international media have also paid attention to China's tough response. The Russian satellite network quoted a spokesman for the Chinese Ministry of Commerce as saying that the economic and trade conflict between China and the United States had been provoked by the United States and was essentially a provocation by U. S. unilateralism to global multilateralism and United States protectionism to global free trade.
Agence France-Presse reported that the Chinese authorities 6 said they are prepared to pay "any price" in a possible "trade war" with the United States.

Sky also commented that China had launched its latest offensive in a "possible trade war", saying it would continue to fight back against the US "at any cost". (concluded)
It's a good idea.
Key words: US trade representative trade war US