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    Counter Measures Are Coming! China's Strong Return! China Has Decided To Impose Tariffs On US $75 Billion In Two Batches.

    2019/8/27 13:34:00 0

    Tariffs On Goods Are Added To China.

    In August 15, 2019, the US government announced that 10% tariffs were imposed on about 300 billion US dollars imported from China, and two batches were implemented in September 1, 2019 and December 15th. The US side's measures have led to the continued escalation of Sino US economic and trade frictions, which has greatly damaged the interests of China, the United States and other countries, and also seriously threatened the multilateral trading system and the principle of free trade.

       In response to the US side's measures, China is forced to take counter measures. According to the Customs Law of the People's Republic of China, the People's Republic of China foreign trade law, the People's Republic of China import and export tariff regulations and other basic principles of international law, with the approval of the State Council, the Customs Tariff Commission of the State Council has decided to impose tariffs of 10% or 5% on 5078 items of tax or about 75 billion dollars originating in the United States. The two batches have been implemented since 12 minutes 01 minutes in September 1, 2019 and 01 points at 12 o'clock in December 15th.

    The Customs Tariff Commission of the State Council will continue to eliminate tariffs on commodities in the US and Canada. In the list of $75 billion merchandise, the excluded commodities that have been audited and determined shall not be subject to any customs duties imposed by the 301 measures against the United States according to the exclusionary method. If the goods excluded from the first two batches are excluded, they will be included in the third batches which can be applied for exclusion.

    The adoption of tariff measures by the Chinese side is a forced move to deal with unilateralism and trade protectionism. China once again reiterates that cooperation is the only right choice for China and the United States. Win-win situation can lead to a better future. I hope China and the United States will resolve differences based on mutual respect, mutual equality and words and deeds, as well as mutual agreement between the two sides, and actively build a balanced, inclusive and win-win new Sino US economic and trade order. We will jointly safeguard and promote reform and improve the multilateral trading system and promote mutually beneficial and win-win cooperation with other countries in the world.

       According to the Ministry of commerce website, a spokesman for the Ministry of Commerce issued a statement on the announcement by the US side that it would further raise tariffs on Chinese exports to the US.

    The Ministry of Commerce said that in August 24th, the US side announced that it would raise tariffs on Tariffs of about $550 billion on China's exports to the US, and China firmly opposes this. Such unilateral, bullying trade protectionism and extreme pressure act, contrary to the consensus of heads of state of China and the United States, violating the principle of mutual respect, equality and mutual benefit, seriously undermining the multilateral trading system and the normal international trade order, and will surely take its own fruit.

    China strongly urges the US side not to misjudge the situation, do not underestimate the determination of the Chinese people, and stop the wrong practices immediately, otherwise all the consequences will be borne by the US side.

       News broadcast "5 strikes": insist on the pressure on customs.

    In the evening of August 24th, CCTV news broadcast 5 rounds of disclosure revealed that the US side was trying to continue to play the part. At the same time, it indicated that China would never give in on major principles, and insisted on the pressure on tariffs.

    1. people's daily bell article: China's resolute and anti stand stance will never waver.

    According to the news broadcast, the people's Daily published in August 25th will publish a bell article entitled "China's firm and unyielding stand".

    The article said that in August 23rd, the US side announced that it would levy tariffs on about 550 billion US dollars in goods exported to China. The world all sighs that some people in the United States continue to violate the consensus of the heads of state of China and the United States, violate the principle of mutual respect and equality and mutual benefit, and do not fear the Behavior Anomie as the world's largest economy, which will bring destructive consequences to the international order and the world economy.

    The article points out that the Chinese side made a rational and restrained counterdecision against the unilaterally provoked and escalating economic and trade frictions between China and the US side, which is forced to take action, which is totally different from the nature of the US provocation. China has the confidence to go its own way and run its own affairs and resolutely oppose any provocative position of the US side.

    2. international sharp review, "rational response, resolutely countering irrational pressure".

    Sharp commentary pointed out that for the US side announced that it would levy 10% tariffs on 300 billion US dollars in China's exports to the United States, the Chinese side had to introduce specific Countermoves on the 23 th. In this regard, the US side threatened to escalate tariff retaliation. This irrational attitude shows that it is unprepared for China's resolute counterattack and attempts to exert pressure on the Chinese side by continuing to play the part.

    Some people in the United States frequently waved tariff sticks and willfully implemented trade bullying, but they did not allow trading partners to safeguard their own interests in accordance with international rules in a reasonable and lawful way. I could put pressure on you alive, but you can not counter me. This logic is absurd and extremely overbearing. China will never develop itself at the expense of other countries' interests, but will never give up its legitimate rights and interests. Any extreme pressure is useless to China. China's counter measures are precise, rational and internal and external, so as to minimize the impact of counter measures on domestic people and enterprises.

    Rui commented that no matter what actions the US side will take next, China will resolutely and rationally respond. The Chinese side is willing to cooperate in resolving disputes, but never compromise on major principles, and resolutely follow the pressure on tariffs. The US side should not make any further misjudgments.

       3. the Xinhua News Agency commented: the resilience of the economy is China's strong backing for its resolute counteraction.

    The article points out that in the face of China's latest trade counter measures, the US side claims that it will raise tariffs on about 550 billion US dollars in goods exported to China. This naked trade protectionism and extreme pressure act, contrary to the consensus of the heads of state of the two countries, has exposed the true face of American trade bullying. China firmly opposes this. More than a year's economic and trade frictions between China and the United States have convinced us that the strong and strong potential of China's economy is the greatest strength of our resolute counteraction and our confidence in bravely advancing without fear. After 70 glorious years, time has long proved that the trend of China's long-term economic development will not change. China will unswervingly run its own affairs without any power to stop China's development.

    4. Guangming Daily published the signed article "China's backbone, China's bottom line and China's ambition: the source of faith in the Sino US economic and trade frictions".

    Guangming Daily published the article "Guan Ming Wen" signed in August 24th. The title is "China's backbone, China's bottom line and China's ambition: the source of faith in the Sino US economic and trade frictions".

    The article points out that in the face of the recent escalation of economic and trade frictions against China by some US people, China's answer is firm and forceful: where is the future of equal dignity and independent development without courage and struggle? The pressure of any extreme pressure is not the alarm and yield, but the indomitable spirit of the Chinese nation, the undaunted spirit and the ambition to make every effort to attack.

    China has backbone. In the past 70 years since the founding of new China, it has seen all kinds of international waves and has crossed countless development prospects. The bullying of the United States can only make us look forward to a hundred years and China has the bottom line. Facing the test, China's economy shows strong resilience, sufficient potential and ample leeway. China has aspirations. In the face of extreme pressure, China's steadfast and rational counteraction is not only a need to safeguard the fundamental interests of the state, but also to safeguard fair and equitable international economic and trade rules and global governance order.

    No one can stop the yearning of the Chinese people for a better life. As long as we firmly strengthen the inherent strength, ambition and ambition of the Chinese nation, we will win the final victory of justice and axiom in this contest of will and win a better future.

    5. the experts believe that the counter measures taken by us both inside and outside should be taken into consideration, which is a precise counteraction with rational restraint.

    First of all, counter measures continue the strategy of precision strike and fully consider the countereffect. From the specific content of the list, not only soybeans, corn, cotton and other agricultural products, but also for the first time joined the crude oil, coupled with the recovery of taxes on cars and parts. After the announcement of counter measures in August 23rd, US stocks fell.

    In addition, the counter measures taken by our country also take full account of the substitutability of tariffs. At the same time, the counter measures did not include drugs, medical devices and other products into the tariff collection list. It has reduced the impact on our people's lives and enterprises, reflecting the accuracy and effectiveness of the counter measures.

    Experts believe that because the US side intends to impose tariffs on Chinese products, there is little alternative, which means that the majority of US producers and consumers will pay for new tariffs.

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