China made firm retaliation on Thursday, the second day of the first annual meeting of the Council for Trade in Goods of the WTO, as the U.S. added the topic of "reciprocal tariffs" under "other matters" to promote its robber logic of the so-called "reciprocal tariffs," China Media Group (CMG) reported on Friday.
At the previous day's meeting, China clearly stated its position on the so-called "reciprocal tariffs." China deeply regrets the unilateral escalation of trade measures by the U.S., which is dragging the global economy into great uncertainty. The daily-created incidents and turmoil by the U.S. are eroding the stable environment essential for the development of enterprises and all members worldwide, particularly developing members. China firmly opposes overstretching and abusing national security.
China has reaffirmed the views in the Chinese government's position on opposing U.S. abuse of tariffs, saying that "China?is?an ancient civilization and a land of propriety and righteousness.?The Chinese people value sincerity and good faith. We do not?provoke trouble, nor are we intimidated by it.?Pressuring?and threatening?are not the right way?in?dealing?with China."
China firmly believes that trade differences among members must not become a pretext for adopting unilateral measures and launching tariff wars. There are no winners in a trade war. China attaches great importance to the multilateral trading system, with WTO at its core, and supports Director-General Ngozi Okonjo-Iweala's call that "the WTO serves as a vital platform for dialogue. Resolving these issues within a cooperative framework is essential," according to the CMG report.
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