This afternoon, the Ministry of Commerce held a regular press conference. A Ministry of Commerce spokesperson introduced recent developments relating to key tasks in the business sector. Some reporters asked that the US raised tariffs on imported steel and aluminum and its derivatives from 25% to 50%. The policy officially came into effect on the 4th. What comments does the Ministry of Commerce have? Ministry of Commerce spokesman He Yongqian said that China has emphasized many times that the 242 tariff is a typical act of unilateralism and protectionism, and has long been ruled by the WTO dispute settlement mechanism to violate WTO rules. This time, the US side once again raised tariffs on steel and aluminum and its derivatives, which not only harms others and does not help maintain industrial safety, but also seriously disrupts the stability of the global industrial chain supply chain. The US approach has already been opposed by many countries. China urges the US side to respect economic laws, abandon the zero-sum mentality, stop generalizing and abusing the concept of national security, work with all parties to maintain a rules-based multilateral trading system, resolve their concerns through dialogue on an equal footing, and jointly maintain the stability of the global industrial chain supply chain.

This afternoon, the Ministry of Commerce held a regular press conference. A Ministry of Commerce spokesperson introduced recent developments relating to key tasks in the business sector. Some reporters asked that the US raised tariffs on imported steel and aluminum and its derivatives from 25% to 50%. The policy officially came into effect on the 4th. What comments does the Ministry of Commerce have? Ministry of Commerce spokesman He Yongqian said that China has emphasized many times that the 242 tariff is a typical act of unilateralism and protectionism, and has long been ruled by the WTO dispute settlement mechanism to violate WTO rules. This time, the US side once again raised tariffs on steel and aluminum and its derivatives, which not only harms others and does not help maintain industrial safety, but also seriously disrupts the stability of the global industrial chain supply chain. The US approach has already been opposed by many countries. China urges the US side to respect economic laws, abandon the zero-sum mentality, stop generalizing and abusing the concept of national security, work with all parties to maintain a rules-based multilateral trading system, resolve their concerns through dialogue on an equal footing, and jointly maintain the stability of the global industrial chain supply chain.