China condemns U.S. ‘reciprocal tariffs,’ emphasizes importance of global cooperation.

Key Points:

1. China’s Condemnation of U.S. Tariffs:

   • The Chinese government condemned U.S. “reciprocal tariffs” (10%-50%) imposed on its trading partners.

   • Ambassador Jiang Zaidong called the tariffs a violation of WTO rules, disrupting global economic stability, and an example of unilateralism and economic bullying.

2. Impact on Global Trade:

   • The tariffs are seen as harmful to global trade, with the WTO warning that they could reduce global merchandise trade volumes by 1% this year.

   • Jiang argued that U.S. actions prioritize its narrow interests over global welfare.

3. China’s Response:

   • China has imposed a 34% tariff on U.S. imports as retaliation and filed a lawsuit with the WTO.

   • China also placed certain U.S. entities on an “unreliable entity list.”

4. Call for Dialogue and Cooperation:

   • China emphasizes the importance of dialogue and international cooperation, rejecting pressure and threats.

   • Jiang stressed that China remains open to mutually beneficial cooperation and will defend its sovereignty and development interests.

5. Global Solidarity for Fair Trade:

   • Jiang urged global solidarity to oppose protectionism and support multilateral systems like the WTO.

   • He echoed President Xi Jinping’s call for a collaborative, win-win approach to trade.

China strongly opposes U.S. tariffs, viewing them as harmful to global trade and economic stability. The Chinese government is committed to defending its interests while promoting international cooperation and multilateral trade systems. The broader message is that protectionism and unilateral actions are detrimental to global economic well-being, and only through solidarity and fair, cooperative trade can global prosperity be achieved.