The China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CCCME) has strongly opposed the U.S. decision to impose an additional 10% tariff on goods imported from China. 🇨🇳💼
In a recent statement, CCCME criticized the unilateral imposition of tariffs by the U.S., labeling it a serious violation of World Trade Organization (WTO) rules. They emphasized that this move not only fails to solve existing issues but also damages the normal economic and trade cooperation between China and the U.S. 🌐⚖️
China and the U.S. have enjoyed close trade exchanges, bringing tangible benefits to businesses and consumers on both sides. However, CCCME warned that the new tariffs will directly increase costs for enterprises and disrupt the stability of the supply chain. This disruption is set to harm not only Chinese exporters but also U.S. importers and consumers. 📈🔄
\"Trade is not a zero-sum game, and win-win cooperation is the right way to develop,\" CCCME stressed. 💬🤝
The Chinese machinery trade group called on the U.S. to abandon trade protectionism, resolve differences through dialogue and consultation on an equal footing, and work together to maintain an open, fair, and stable international trade order. 🗣️🌍
Reference(s):
China's machinery trade group criticizes U.S. tariffs as WTO violation
cgtn.com
