Beijing, April 3 (HS): China strongly opposed the reciprocal tariffs imposed by the United States today. On Wednesday, U.S. President Donald Trump announced a 34 percent tariff on $438 billion worth of Chinese imports. China is the third largest trading partner of the United States. China stated that it would respond firmly to protect its rights.

According to China's state news agency Xinhua, a spokesperson from the Ministry of Commerce said on Thursday that China firmly opposes the reciprocal tariffs from the U.S. and will take strong countermeasures to safeguard its rights and interests. The spokesperson targeted Trump, stating that history shows that increasing tariffs does not solve America's own problems. Instead, it harms U.S. interests. This tariff also jeopardizes global economic growth, as well as the stability of industrial and supply chains.

The ministry's spokesperson said, There are no winners in a trade war. Raising tariffs on all trading partners under the pretext of reciprocity ignores the balance of interests. Trump is overlooking the fact that the United States has long benefited from international trade. The spokesperson mentioned that the United States has imposed so-called reciprocal tariffs based on subjective and unilateral evaluations. These tariffs violate international trade rules and severely harm the rights and interests of the parties involved. It represents a display of unilateral cunning. The spokesperson added that many trading partners have expressed deep dissatisfaction with the U.S. move.

They urged the United States to immediately cancel its unilateral tariffs and resolve differences with its trading partners through equal negotiations. Meanwhile, China has issued guidelines to improve the pricing governance mechanism. These guidelines were released by the General Office of the Central Committee of the Communist Party of China and the General Office of the State Council. The objective is to promote the pricing guidance mechanism, maintain appropriate price levels through price regulation mechanisms, and enhance a transparent and predictable market price supervision mechanism.

Hindusthan Samachar / Jun Sarkar