China said it would certainly respond to 34 percent tariffs imposed by the US on its $ 438 billion imports. However, they have kept the way open to compromise with the US.
China strongly condemned Trump’s action, but has refrained from reacting to any response to how China will respond to it.
Regarding future trade talks and tariff measures with the US, the Ministry said that China and the US need to communicate with each other on their trade issues. Only through negotiations, both countries can solve the business obstacles in front of them. The trade between China and the US is about $ 600 billion. Out of this, the US exports about $ 142 billion to China and China exports $ 438 billion to the US. Thus, China has a $ 438 billion surplus in trade with the United States.
China claims that the fee levied by the US is a violation of the rules of the World Trade Organization. These tariffs violate the rules-based multilateral trade systems. China will take appropriate steps to protect its rights and interests. China said that neither America nor China would benefit from the trade war.
However, Trump has said that if the short video app of Beijing Bittens sells to an American buyer, he can consider reducing tariffs. China had earlier imposed a tax of 15 percent on American goods in response to the tariff imposed by Trump and threatened to move the US to the World Trade Organization.
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