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China is “strongly dissatisfied with and firmly opposed” to Washington’s finalised plans to increase tariffs on a range of key Chinese industries, from electric vehicles and photovoltaic cells to semiconductors.
“The United States should immediately correct its wrong practices and cancel all tariff increases on China,” the Ministry of Commerce said over the weekend in response to the US announcement.
“China will take necessary measures to resolutely defend the interests of Chinese enterprises.”
The ministry said Washington’s decision would not only seriously undermine the “international trade order” and “global industrial chain and supply chain”, but also failed to address the US trade deficit and industrial competitiveness.
“[The actions will] push up the prices of US imports, with the costs ultimately borne by US businesses and consumers,” it added.