Louis

After the US imposed a 145% tariff on China, my country began to fight back in many ways: on the one hand, it countered the 125% tariff increase on the US, and on the other hand, it actively responded to the negative impact of the US tariff increase in the financial market and economic fields. According to a report by China National Radio on April 13, the Ministry of Commerce is vigorously promoting the integration of domestic and foreign trade, and many industry associations have jointly issued a proposal. In response, companies such as Hema, Yonghui Supermarket, JD.com and Pinduoduo have actively responded and supported the entry of domestic and foreign trade companies. As the world’s largest consumer market, if China can boost domestic demand, it can not only effectively respond to the US tariff pressure, but also reduce its dependence on overseas markets and provide protection for national economic security.

In addition, The General Administration of Customs said that the recent abuse of tariffs by the US government has inevitably had a negative impact on global trade, including that between China and the US. China has resolutely implemented necessary countermeasures at the first opportunity, not only to safeguard its own legitimate rights and interests, but also to defend international trade rules and international fairness and justice. China will unswervingly promote high-level opening up and carry out mutually beneficial and win-win economic and trade cooperation with all countries.