MOC: All tariffs must be cancelled if China and US are to reach agreement

Friday, 05 July 2019 11:46:58 (GMT+3)   |   Shanghai
       

At a press conference on July 4, Gao Feng, spokesman for China’s Ministry of Commerce (MOC), stated that unilateral tariffs are harmful to businesses and consumers on both sides, and also bring uncertainty and may even bring recession to the global economy. The unilaterally imposed tariffs on Chinese imports by US were the starting point of the US-China economic and trade frictions. If both sides are to reach an agreement, all tariffs must be cancelled, the MOC spokesman continued, adding that China's attitude has always clear and consistent.

Referring to comments by US President Donald Trump at the recent G20 summit in Osaka that US companies will be permitted to sell products to Huawei, the MOC spokesman said China hopes the US will honor its commitment and halt its wrong practices of using state power to suppress Chinese companies as soon as possible.

 

 


Most Recent Related Articles

Iron ore inventory at Chinese ports up 1.67 percent

New 4 million mt stainless steel project to be built in Yangjiang

Flat steel inventories up in China in mid-Sept, longs stocks down

China’s iron ore output up 4.8 percent in August amid strong demand

Iron ore prices down sharply amid falling futures and insufficient steel demand in China