China has expressed strong opposition to a US decision to impose 25percent tariffs on 50 billion US dollars worth of Chinese goods. A statement issued by both the Commerce Ministry and the Foreign Ministry said China deeply regrets the US reversal of past agreements which will damage the interests of both sides and jeopardize world trade.
The ministries said China does not want a trade war, but it is now forced to take retaliatory measures to defend the interests of the Chinese people and the multilateral trade system. China will take counter measures on the same value of goods and of the same percentage. The ministries urged the international community to make joint efforts to deter this regressive behavior and defend common interests.
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