China vows ‘necessary’ measures against US’ finalized tariff hikes on Chinese products
2024-09-14 09:24:53 source:Global Times
September 14, 2024
China on Saturday expressed strong dissatisfaction and opposition to US' finalized steep tariff hikes on certain Chinese products, calling the US compounding mistakes and urging it to correct wrongdoings. It also vowed to take necessary measures to protect Chinese firms' interests.
The US announced on Friday that it has finalized sharp tariff hikes on certain Chinese products following a four-year review to "strengthen protections for strategic industries," despite opposition from various sectors. Analysts warned that this self-willed tariff hike will ultimately harm US industries in the long run.
"China is strongly dissatisfied with and firmly opposed to the tariff increase on certain Chinese products," a spokesperson for the Ministry of Commerce of China (MOFCOM) said on Saturday, noting that the US should immediately correct its wrongdoings and cancel all additional tariffs on Chinese products. China will take necessary measures to firmly safeguard the interests of Chinese enterprises.
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