Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / Policies

    As EU joins trade fight, China urges US to reconsider

    By ZHONG NAN and REN XIAOJIN | China Daily | Updated: 2018-04-27 07:02
    Share
    Share - WeChat
    An employee controls the tapping of a blast furnace at Germany's industrial conglomerate ThyssenKrupp AG, Europe's largest steel factory, in the German city of Duisburg. [Photo/Agencies]

    China has urged the United States to abandon trade unilateralism and seek consultative solutions through dialogue, the Ministry of Commerce said on Thursday after the European Union sought to join a dispute brought by China to the World Trade Organization over US tariffs on steel and aluminum.

    The EU intended to join the consultations at the WTO requested by China with the US regarding the recent US steel and aluminum tariffs, according to WTO documents filed on Monday.

    "The US is abusing the term 'national security' and has severely violated WTO rules and damaged the multilateral trade system," said Gao Feng, spokesman for the Ministry of Commerce. "China will stand together with other WTO members to protect the right course and its interests."

    "Hong Kong, India, Russia and Thailand have all applied to join the consultation to ensure their rights," Gao said at a news conference in Beijing.

    The EU notified China, the US and the WTO's Dispute Settlement Body that it wishes to join the consultations since it has substantial trade interests in the matter.

    Despite opposition from business groups and trading partners around the world, the Trump administration signed proclamations on March 8 imposing a 25 percent tariff on imported steel and a 10 percent tariff on aluminum.

    "Even though the EU is exempt from the tariffs until May 1, its exports would be impaired significantly by the US measures," said Zhao Zhongxiu, a trade professor at the University of International Business and Economics in Beijing.

    EU members exported nearly $6 billion worth of steel products and $1.25 billion in aluminum to the US in 2017, making it the top exporter of steel to the US and fifth-highest exporter of aluminum to the country, data from the European Commission show.

    When asked about China's response to the possibility of further restrictions on investment from China in the US, Gao said China is prepared for any US limits on Chinese investment in science and technology.

    "Some businesses have slowed their pace or even canceled their plans to invest in the US" because of uncertainty, Gao said.

    "Chinese investment has created many jobs in the US and contributed significantly to the local economy," Gao said. "We hope the US can engage in more measures that are in line with the law of economic development and conform to the tide of the global economy."

    Thilo Hanemann, director of New York-based Rhodium Group, said political influence, rather than commercial forces, already had affected two-way investment between China and the US since 2017.

    "There are two factors behind such a drop, the crackdown on the irrational outbound direct investment China launched and the regulatory restrictions the US issued, which led to various consequences such as a much slower and more complicated transactions," Hanemann said.

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    亚洲精品无码久久久| 国产V亚洲V天堂无码久久久| 97性无码区免费| 最近的2019免费中文字幕| 宅男在线国产精品无码| 色窝窝无码一区二区三区成人网站| 91中文字幕在线观看| 亚洲国产精品成人AV无码久久综合影院 | 色窝窝无码一区二区三区| 中文无码一区二区不卡αv| 天堂√最新版中文在线| 国产a级理论片无码老男人| 亚洲av无码成h人动漫无遮挡 | 精品无码国产自产在线观看水浒传 | 久久久久亚洲AV无码专区首JN| 无码内射中文字幕岛国片| 亚洲色偷拍区另类无码专区| 国产在线拍偷自揄拍无码| 无码专区天天躁天天躁在线| 无码乱码av天堂一区二区| 最近最新中文字幕高清免费| 免费在线中文日本| 久久亚洲精精品中文字幕| 日韩高清在线中文字带字幕 | 一本之道高清无码视频| 久久久精品人妻无码专区不卡 | 久久久久亚洲精品无码网址 | 无码任你躁久久久久久老妇 | 久久精品中文无码资源站| 免费无码国产在线观国内自拍中文字幕| 人妻中文字系列无码专区| 亚洲精品无码AV人在线播放| 中文字幕久久精品无码| 亚洲综合无码AV一区二区| 亚洲热妇无码AV在线播放| 亚洲AV无码国产在丝袜线观看| 伊人久久无码中文字幕| 无码人妻黑人中文字幕| 无码国产色欲XXXX视频| 无码人妻一区二区三区免费看| 日韩精品专区AV无码|