China assessing US Supreme Court tariff ruling
· Michael West
China is making a “full assessment” of the US Supreme Court’s tariff ruling and has urged Washington to lift “relevant unilateral tariff measures” on its trading partners.
The Chinese commerce ministry issued a statement on Monday, days after the highest US court dealt President Donald Trump a stinging defeat by striking down many of the tariffs he has used in a global trade war, including some against China.
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Within hours of the ruling, Trump said the US would impose a new 10 per cent duty on imports from all countries starting on Tuesday, which he raised to 15 per cent on Saturday.
China says US unilateral tariffs violate international trade rules. (AP PHOTO)“US unilateral tariffs … violate international trade rules and US domestic law, and are not in the interests of any party,” the Chinese ministry added.
“There are no winners in a trade war.”
The ministry said it noticed the US planned to maintain tariffs on trading partners through alternative means, including trade investigations.
“China will continue to pay close attention to this and firmly safeguard its interests,” the ministry said.
Trump will travel to China from March 31 to April 2 for a highly anticipated meeting between the leaders of the world’s two biggest economies.