A spokesman for the Ministry of Commerce made a statement on the results of the quadrennial review of the 301 tariff imposed on China by the United States.
May 14thPowerballresultstodayThe US side released the results of the four-year review of the 301 tariff on China, announcing that on the basis of the original 301 tariff on China, further increase tariffs on electric vehicles, lithium batteries, photovoltaic batteries, key minerals, semiconductors, steel and aluminum, port cranes, personal protective equipment and other products imported from China. The Chinese side firmly opposes and solemnly makes representations.
Out of domestic political considerations, the US side abused the 301 tariff review procedure, further raised the 301 tariff imposed on some Chinese products, and politicized and instrumentalized economic and trade issues, which is a typical political manipulation, and the Chinese side expresses strong dissatisfaction with this. The WTO has long ruled that tariff 301 violates WTO rules. Instead of correcting it, the US side is bent on going its own way, making mistakes again and again.
The 301 tariff increase by the US side violates President Biden's commitment of "not seeking to suppress and curb China's development" and "not seeking to decouple from China", nor is it in line with the spirit of consensus reached by the heads of state of the two countries, which will seriously affect the atmosphere of bilateral cooperation. The US side should immediately correct its erroneous practices and abolish the measures to impose tariffs on China. China will take resolute measures to safeguard its own rights and interests.
