China's Strong Opposition to US Tariffs
The Chinese Ministry of Commerce has expressed its firm opposition to the new 10% tariff on all Chinese goods announced by United States President Donald Trump. This move has been labeled as a "serious violation" of World Trade Organization (WTO) rules by China.
Impact on US-China Economic and Trade Cooperation
According to the Chinese ministry, these tariffs are detrimental to the economic and trade cooperation between the US and China. They have urged the United States to correct its approach and to engage in a dialogue based on equality, mutual benefit, and mutual respect to address the issues at hand.
China's Plan of Action
In response to these developments, China plans to file a lawsuit with the WTO against the US for what it considers "wrongful practice." Moreover, China has promised to implement countermeasures to protect its rights and interests, signaling a potential escalation in the ongoing trade war between the two nations.
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