You are here: Home » News-IANS » Politics
Business Standard

Withdraw tariffs or risk grave global effects: China tells US

IANS  |  Beijing 

on Friday called on the US to withdraw the new tariffs on and imports, warning of a serious impact on

The warned in a statement that it will take action against the new tariffs announced on Thursday -- 25 per cent for imports and 10 per cent for -- and will affect all countries that sell them to the US with initial exemptions for and Mexico, reports news.

"urges the US to respect the authority of multilateral trade system and withdraw the as soon as possible," said Wang Hejun, of the

Trump defended the new tariffs as aiming to protect the and industry which are vital for national security.

Wang said that Trump's argument was unjustified and goes against the trade order of the (WTO) and reiterated China's firm opposition to these that will have a serious impact on the international level.

The Association (CISA) Friday also expressed strong opposition to the new tariffs that violate WTO rules and disturb the order.

"With the excuse of protecting domestic industry, the US pursues trade protectionism," CISA said in a statement cited by Chinese media and it urged Chinese authorities to counter Trump's measure with tariffs on US imports.

CISA warned that the new US tariffs will hurt the industry worldwide, including the US, and particularly consumers of products.

Protectionism has been one of Trump's campaign promises and the imposition of these new tariffs may open a possible trade war with other countries and organisations.

The US is the largest importer in the world and the order could hit China, South Korea, Japan, Germany, and the hardest.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, March 09 2018. 12:04 IST