Original title: latest news of Sino US trade war: China imposes tariffs on some US imports
On May 9, 2019, the U.S. government announced that from May 10, 2019, the tariff rate on the $200 billion list goods imported from China will be increased from 10% to 25%. The above-mentioned measures of the US side have led to the escalation of Sino US economic and trade frictions, violated the consensus of the two sides on resolving trade differences through consultation, damaged the interests of both sides, and are not in line with the general expectation of the international community. In order to safeguard the multilateral trading system and its legitimate rights and interests, China has to adjust and impose tariffs on some imports from the United States.
According to the foreign trade law of the people's Republic of China, the import and export tariff regulations of the people's Republic of China and other laws and regulations, as well as the basic principles of international law, and with the approval of the Party Central Committee and the State Council, the Tariff Commission of the State Council has decided to increase the tariff rate on the part of the US $60 billion list of US goods that have been subject to tariff increases from 0:00 on June 1, 2019, and implement the tariff increases separately 25%, 20% or 10%. The 5% tariff will continue to be imposed on the items previously subject to 5% tariff.
China's adjustment of tariff measures is a response to US unilateralism and trade protectionism. China hopes that the US side will return to the right track of bilateral economic and trade negotiations, work together with China, and strive to reach a mutually beneficial and win-win agreement on the basis of mutual respect.
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"If you combine, you will benefit both, if you fight, you will hurt both.". For China and the United States, cooperation is the only right choice, and win-win results lead to a better future.
China has always attached great importance to Sino US economic and trade consultations and has always held great sincerity, hoping to reach a mutually beneficial and win-win agreement on the basis of equality and mutual respect. However, the U.S. side turned back and exerted extreme pressure to further impose tariffs on China's products exported to the United States, casting a shadow on the Sino US economic and trade negotiations, which directly led to the failure of the negotiations. The responsibility lies entirely with the U.S. side. Over the past year or so, China's sincerity and goodwill in promoting the talks are obvious to all. At present, China's economy is deeply integrated with that of the United States, and the US side's imposition of tariffs is unfavorable to the Chinese people, the American people and the people of the world. It is the world's expectation that China and the United States properly solve economic and trade issues, and the US move runs counter to the world's expectation.
Economic and trade cooperation between China and the United States is the best choice, but cooperation is principled. China will never give in on major issues of principle, resolutely safeguard the core interests of the country and the fundamental interests of the people, and will never lose national dignity at any time. No one should expect China to swallow the bitter fruit of harming its core interests. The door of China's negotiations has always been open. China and the United States have broad common interests and broad space for cooperation in the field of economy and trade. We should seek common ground while reserving differences and achieve win-win cooperation. That's what people want. It is hoped that the US side will act in the opposite direction, resolve the existing problems with a rational and pragmatic attitude, and make Sino US economic and trade exchanges better benefit the people of the two countries and the people of the world.
The world is diverse. There is no world without differences. The practice of 40 years since the establishment of diplomatic relations between China and the United States has proved that Sino US cooperation is determined by the fundamental interests of both sides, and is not subject to the will of a few people. Maintaining a good bilateral relationship is beneficial to China, the United States and the whole world. As president Xi Jinping said, "as long as the two sides follow the principle of mutual respect and equal treatment, we must persist in seeking common ground while reserving differences, and assimilating differences." '
In the face of economic and trade frictions, China's position has always been clear: there is no winner in a trade war, and China does not want to fight, but is not afraid to fight. In the first quarter, China's GDP grew by 6.4% year-on-year, and the investment in high-tech manufacturing and high-tech service industries increased by 11.4% and 19.3% year-on-year respectively. Domestic demand has become the main engine of China's economy, and the contribution rate of consumption to economic growth last year has reached 76.2%. We have the world's most complete industrial system and increasing technological innovation capacity, the world's largest middle-income group, a large market of nearly 1.4 billion people, and sufficient development resilience, potential and room for maneuver. Practice tells us that the more complex the situation is and the more severe the challenge is, the more important it is to give play to the role of the Party Central Committee as a tranquilizer under centralized and unified leadership. Under the firm leadership of the Party Central Committee, comrade Xi Jinping, we must keep the strategic determination, enhance confidence and concentrate our energies on doing our own things well. We can calm down to deal with all hardships and dangers and overcome all difficulties and obstacles.