Beijing: The Chinese Ministry of Commerce said Thursday that the United States should refrain from running a large revenue stick and using them as a tool.
In response to a media inquiry into the recent announcement of the United States, the ministry spokesman remarked that he would impose “mutual prices” on his trade partners. “China is deeply concerned about the move,” he said.
The spokesperson noted that international trade is based on the resources and comparative benefits of every country’s resources, and it aims to promote global economic growth and increase the welfare of people around the world.
The “bilateral prices” presented by the United States violate the rules of the World Trade Organization and ignore the balance of interests established during the nearly 80 years of multilateral trade talks. He said that the US approach also ignores the important benefits of international trade that the country has long enjoyed, which has given an example of unilateral and protectionism.
He said that this would severely damage the multilateral trade system, which relies on principles such as the principles of the most favorite country, and would disrupt the global supply chains.
The spokesman said it would also introduce a tremendous uncertainty for ordinary international economic and trade activities, emphasizing that many countries have clearly opposed the US view.
“Trade war does not offer any way or produce a winner,” he said. “The United States should correct its wrong methods and work with all countries to find solutions through equal consultation.”
