The China Council for the Promotion of International Trade (CCPIT) strongly opposes US proposed additional 12.5% tariffs following a Section 301 investigation, calling for dialogue and adherence to multilateral trade rules.
BEIJING: The China Council for the Promotion of International Trade has said it opposes the US’ latest proposed tariffs that followed an unfair trade practices probe, Chinese state broadcaster CCTV said.
The Chinese business community is strongly dissatisfied with and firmly opposed to the US’ proposed additional 12.5% tariffs on Chinese goods, CCTV reported the council as saying on Thursday. The Trump administration has proposed additional tariffs of 10% or 12.5% on imports from 60 countries after determining from a Section 301 investigation that they had failed to curb trade in goods made with forced labour, an assertion that US trading partners rejected.
The tariff measures apply US domestic standards and unilateral rules to other economies, and deviate from the rules of the multilateral trading system, the council said. The Chinese business community called on the US to “stop generalising and abusing trade restriction measures, properly handle economic and trade differences through dialogue and consultation”. It also urged the US to jointly maintain the stability of the global industrial chain and supply chain, according to CCPIT.
CCPIT said it would continue to support enterprises to strengthen their compliance frameworks and risk management capabilities.
Please follow us on Google to support usUS Tariffs China CCPIT Trade Dispute Section 301
Malaysia Latest News, Malaysia Headlines
Similar News: You can also read news stories similar to this one that we have collected from other news sources.
BN Has Submitted Proposed Candidates for Johor State Election, Says Zahid HamidiDeputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi confirmed that Johor Barisan Nasional (BN) chairman Datuk Onn Hafiz Ghazi has submitted the coalition's proposed candidates for the upcoming Johor state election. The list is currently being assessed, with finalisation to follow consultations with BN component party leaders. Zahid emphasized that BN aims to win more than 40 seats, building on its 2022 victory where it secured 40 out of 56 seats. He stressed that success will depend on hard work, strategy, and a well-organised election machinery, and expressed confidence in BN's governance record in Johor. Zahid also clarified that the Johor government remains a BN government, despite the Unity Government at the federal level, and that BN will contest all 56 state seats.
Read more »
US proposes tariffs of 10% or 12.5% on goods from 60 economies over forced labor failuresHis family said in a statement that Bryson died Tuesday, days after having a stroke.
Read more »
US proposes tariffs of up to 12.5% on goods from 60 economies over forced labourThe proposal from the US Trade Representative is the latest effort by the US administration to revive emergency tariffs that were struck down by the Supreme Court in February.
Read more »
US proposes tariffs on 60 economies over alleged forced labour failuresWASHINGTON, June 3 — The US Trade Representative on Tuesday proposed new duties targeting 60 economies for alleged failures to act against forced labour, as the Trump...
Read more »