The U.S. announced that it would impose tariffs on Chinese electric vehicles and other products, up to 100%, and the Ministry of Commerce responded

China Fund News

2024-05-14 20:28Published on the official account of Guangdong China Fund News

China Fund News Amman is synthesized from CCTV News, Global Times, etc

According to the Global Times, on May 14, the United States released the results of the four-year review of the additional Section 301 tariffs imposed on China.

The U.S. government announced that on the basis of the original Section 301 tariffs on China, it will further increase tariffs on electric vehicles, lithium batteries, photovoltaic cells, critical minerals, semiconductors, steel and aluminum, port cranes, personal protective equipment and other products imported from China.

This means that the U.S. government will increase the tariff rate on Chinese electric vehicles from 25% to 100% this year, and the tariff rate on semiconductors will increase from 25% to 50% by next year.

The value of Chinese imports affected by the new tariffs will reach $18 billion.

Before the official announcement of the US side, at the Foreign Ministry press conference on the afternoon of the 14th, Chinese Foreign Ministry spokesman Wang Wenbin said that China has always opposed the unilateral imposition of tariffs in violation of WTO rules, and China will take all necessary measures to safeguard its legitimate rights and interests.

The Ministry of Commerce responded

Just now, the spokesperson of the Ministry of Commerce issued a statement on the results of the four-year review of the US side imposing additional Section 301 tariffs on China.    

On May 14, the U.S. released the results of the four-year review of the additional Section 301 tariffs imposed on China, announcing that it would further increase tariffs on electric vehicles, lithium batteries, photovoltaic cells, critical minerals, semiconductors, steel and aluminum, port cranes, personal protective equipment and other products imported from China on the basis of the original Section 301 tariffs on China. China firmly opposes it and makes solemn representations.

Out of domestic political considerations, the US has abused the Section 301 tariff review procedure to further increase the Section 301 tariffs imposed on some Chinese products, politicizing and instrumentalizing economic and trade issues, which is a typical political manipulation, and China strongly disagrees with this. The WTO has long ruled that Section 301 tariffs violate WTO rules. Instead of correcting them, the US side has insisted on going its own way and making mistakes again and again.

The US raising Section 301 tariffs violates President Biden's commitment not to seek to suppress and contain China's development, "not to seek decoupling and breaking the chain with China", and is not in line with the spirit of the consensus reached by the two heads of state, which will seriously affect the atmosphere of bilateral cooperation. The US should immediately correct its wrong approach and lift the additional tariffs imposed on China. China will take resolute measures to defend its rights and interests.

Editor: Xiao Mo

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