Burst!Chinese Ministry of Commerce, Embassy issued a statement blockbuster trade war came true?


  Financial newspaper (Hong Kong), according to news reports, Beijing at 0:50 on March 23 points Xu, US President Trump trade with China formally signed a memorandum at the White House。
  Trump announced on the spot, it will be possible to import 60 billion of goods from China to levy tariffs and restrictions on Chinese investment in the US corporate mergers and acquisitions。
Trump sides signed a trade memorandum and saying, "This is just the beginning (Thisisthefirstofmany)。 "Trump said, according to the US Trade Representative Wright Abashidze from '301 survey' carried out last year on goods imported from China are subject to tariffs。
"Related to the goods may reach $ 60 billion (60 billion Itcouldbeabout $)", he said.。
  Sino-US trade war heating up suddenly, overnight plunge, creating the biggest decline in six weeks: Dow down over 700 points in intraday trading fell from its peak a total of over 10%, into a technical correction。
  In Beijing on Friday (March 23) morning, the Chinese Ministry of Commerce, the Chinese Embassy have issued a heavy statement, the United States towards China for trade measures announced respond……Chinese Ministry of Commerce: US tariffs on products involving US exports to China of about $ 3 billion March 23, 2018, the Commerce Department released a list of products for suspension of concessions and the United States imported 232 products and measures for public comment on the proposed some products imported from the United States imposed tariffs to balance the loss of the United States on imports of steel and aluminum products tariffs caused due to the interests of China。 Ministry of Commerce spokesman issued a statement。   The provisional list contains seven categories, 128 products tax, according to 2017 statistics, involving US exports to China of about $ 3 billion。
The first part of a total of 120 tax, involving the United States and China billion dollars exports, tariffs include fresh fruits, nuts and nut products, wine, denatured ethanol, ginseng, seamless steel pipe and other products, intends to levy 15%。 The second part of a total of eight tax, involving 25% of export tariffs on US-China billion US dollars, including and products, recycled aluminum and other products, to be imposed。
  US "national security" grounds on imports of steel and aluminum products were 25% and 10% levy tariffs behavior actually constitutes safeguards。
According to the relevant provisions of China's "Safeguards Agreement" the WTO to suspend concessions to develop a list of。
Sino-US trade compensation if the failure to reach agreement within the prescribed time, the Chinese side will exercise the right to suspend concessions first part of the product; China will implement the second part of the list after further assessment of the impact of the US measures against China。
The Chinese side reserves the right to adjust the actual situation on the measures, and carry out the necessary procedures in accordance with WTO rules。
  US "national security" grounds to limit imports of practice, serious damage to the World Trade Organization as the representative of the multilateral trading system, seriously interfere with normal international trade order, it has been opposed by more WTO members。 China also through multi-level, multi-channel negotiations with the United States were, in the legal action under the WTO framework, with other WTO members to safeguard the stability and authority of the multilateral trade rules。
  China and the US as the world's top two economies, cooperation is the only correct choice for the two countries and hoped the two sides from the overall situation of Sino-US, meet each other halfway, the focus of cooperation, control differences, and jointly promote the healthy and stable development of Sino-US economic and trade relations。
China urges the US to address the concerns of the Chinese side as soon as possible, to resolve their differences through dialogue and consultation, to avoid damage to the overall situation of Sino-US cooperation。
  (Screenshot from: China Ministry of Commerce official website) Chinese Embassy issued a statement: If the United States insists fight, we will fight in the end the United States ignore the mutually beneficial nature of Sino-US economic and trade relations between the two countries and properly at the differences through dialogue and consultation consensus, the parties disregard the voice of reason, insists on promoting so-called 301 investigation and publish the ruling, which is typical of unilateral trade protectionism。 The Chinese side is strongly dissatisfied and resolutely opposed。
  All along, the Chinese spirit of mutual respect, cooperation and win-win principle, be made in order to solve Sino-US economic and trade issues a lot of effort, it showed great sincerity, and put forward reasonable proposals。
China does not want to fight a trade war, but not afraid of a trade war, have the confidence and ability to cope with any challenge。 If the United States insists fight, we will fight in the end, and to take all necessary measures to defend their legitimate rights and interests resolutely。   US move will also be "shooting itself in the foot," direct damage to persons, companies and the interests of financial market stability will have a negative impact on international trade and the world economic order。
  We hope that the US stop doing, careful decision-making, not to Sino-US bilateral economic and trade relations dragged into the woods, in order to avoid damage from human purpose, to others the end result。
  (Screenshot from: Chinese Embassy official website) Reviewed by: Sarah。