BEIJING, February 10 (TMTPOST)— China issued stern warning against the Biden administration which signaled to impose more tariffs on imports.
Source: Visual China
The U.S. government have a range of options for further action, possibly including “a 301 action and issues like that”, if their talks with China not succeed in meeting the terms of the agreement, said Myron Brilliant, the head of the International Affairs Division at the U.S. Chamber of Commerce, the largest U.S. business lobbying group. The agreement, so-called Phase One trade deal, was signed by former U.S. President Donald Trump and took effect in 2020. Expressing Washington’s losing patience, some of U.S. officials earlier this week called on Beijing to take concrete action to meet the commitment to purchase U.S. goods and services worth of US$200 billion in the past two years under the deal. Brilliant said on Wednesday that the Biden administration would not take any action involving tariffs in the short run because the tariffs, in turn, can lead to pressure on companies and workers in the United States itself.
In response to an AFP reporter’s request for comment on the recent report about U.S. possible actions including a new trade investigation that could resulted in new tariffs, Zhao Lijian, the spokesperson of China’s Foreign Ministry, said at Thursday’s regular press conference: “What I can tell you is that, as a general principle, China always maintains that the two sides should properly solve the problems in their economic and trade relations in the spirit of mutual respect and consultation on an equal footing.” “Threats and pressure based on one’s unilateral interest will not help solve the problems, but only undermine mutual trust and the atmosphere for dialogue and negotiation,” Zhao added.
China hopes U.S. lift tariffs imposed on Chinese imports, withdraw its sanctions and crackdowns as soon as possible, so as to create the good environment and conditions for increasing two country’s cooperation on trade, Gao Feng, the spokesman of the Ministry of Commerce, commented at a regular briefing on Thursday. The Phase One trade deal is not just benefit for our two counties but also the whole world, and China has been engaged in facilitating both parties’ implementation since the deal went into effect, despite multiple headwinds such as the COVID-19 pandemic, the global recession and the supply chain disruptions, Gao noted.
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