HomeLive CommentsChina shocked by US actions and opposes to US trade hegemonism

China shocked by US actions and opposes to US trade hegemonism

China MOFCOM responds to US move on tariffs on USD 200B in Chinese imports below.

Google translated, not perfect but you’ll get the idea. Original in simplified Chinese here.

“It is totally unacceptable for the US to publish the tax collection list in an accelerated upgrade. We express our solemn protest. The behavior of the US is hurting China, hurting the world, and hurting itself. This irrational behavior is unpopular.

The Chinese side is shocked by the actions of the US. In order to safeguard the core interests of the country and the fundamental interests of the people, the Chinese government will, as always, have to make the necessary counter-measures. At the same time, we call on the international community to work together to safeguard the rules of free trade and the multilateral trading system and jointly oppose trade hegemonism. At the same time, we will immediately file an additional lawsuit against the US unilateralist behavior to the World Trade Organization.”

ActionForex
ActionForex
ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for two decades. We started providing only a daily and a mid-day report, now known as Action Insights. Gradually, we added a lot more in-house contents to the site. Technical Outlook section was expanded to cover more pairs. In addition to that, Top Movers, Heat Map, Pivot Point Charts and Pivot Meters, Action Bias and Volatility Charts, are tools used by traders from all over the world.

Latest Analysis

Learn Forex Trading