China News Service, July 7. The Ministry of Commerce held a regular press conference on July 7. Ministry of Commerce spokesperson Shu Jueting said at the meeting that China always believes that the cancellation of all additional tariffs on China is beneficial to China and the United States. Two countries, benefit the whole world.
Shu Jueting said that many think tanks and research institutions in China and the United States have calculated that the cancellation of all additional tariffs on China will have a substantial effect on reducing the level of inflation in the United States.
In the current situation of high inflation, the sooner the U.S. side lifts its tariffs on China, the sooner consumers and businesses will benefit.
China and the United States should meet each other halfway and make joint efforts to create an atmosphere and conditions for economic and trade cooperation, maintain the stability of global trade and industrial chains and supply chains, and benefit the people of the two countries and the world.
The U.S. accusations against China on industrial subsidies are completely inconsistent with the facts.
Since China's accession to the WTO, it has earnestly fulfilled its accession commitments, abided by the obligations of the WTO Agreement on Subsidies and Countervailing Measures, and completely cancelled the prohibitive subsidies under the agreement.
For other subsidies allowed by the WTO rules, the level and methods of China's subsidies are in line with the WTO rules.
China has always opposed trade protectionist practices such as the Section 301 investigation, and urged the US not to introduce new trade measures.
(Zhongxin Finance)