- विज्ञापन -
Beijing: After the US’s move to increase tariffs on Chinese imports, Chinese officials have fiercely promised to retaliate, stressing that this will seriously affect bilateral cooperation with the US, reported Voice of America (VOA).
US President Joe Biden has directed his Trade Representative to increase tariffs on imports from China, including semiconductors, solar cells, batteries, and critical minerals, to ‘protect’ American workers and businesses, the White House said on Tuesday.
China’s Ministry of Commerce, in a reply to the US’s move, stated, “This will seriously affect the atmosphere of bilateral cooperation. The United States should immediately correct its wrongdoing and cancel the additional tariffs imposed on China. China will take resolute measures to defend its rights and interests.”
On Tuesday, the White House announcement came at the conclusion of a statutory review of tariffs, which occurs every four years.
It further stated that the decision has come in response to China’s ‘unfair trade practices’ and to counter the resulting harms, VOA reported.
“China’s unfair trade practices concerning technology transfer, intellectual property, and innovation are threatening American businesses and workers. China is also flooding global markets with artificially low-priced exports. In response to China’s unfair trade practices and to counteract the resulting harms, today, President Biden is directing his Trade Representative to increase tariffs under Section 301 of the Trade Act of 1974 on USD 18 billion of imports from China to protect American workers and businesses,” the White House statement read
