China assessing US Supreme Court tariff ruling
China is making a “full assessment” of the US Supreme Court’s tariff decision and has called on Washington to lift “relevant unilateral tariff measures” against its trading partners.
China’s commerce ministry issued a statement Monday, days after the United States’ highest court handed President Donald Trump a heavy defeat by dropping most of the tariffs he has used in the global trade war, including some against China.
A few hours after the decision, Trump said the United States would impose a new 10 percent tax on imports from all countries starting Tuesday and raise the rate to 15 percent on Saturday.
“The US’s unilateral tariffs violate international trade rules and US domestic law and are not in the interest of any party,” the Chinese ministry added.
“There are no winners in the trade war.”
The department said it recognizes that the United States plans to maintain tariffs on trading partners through alternative means, including trade investigations.
“China will continue to pay close attention to this and strictly protect its interests,” the ministry said.
Trump will travel to China from March 31 to April 2 for the highly anticipated meeting between the leaders of the world’s two largest economies.
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