Official says China possesses ample methods to retaliate against U.S. trade escalations
China's Ministry of Commerce stated on Wednesday that the country will firmly implement countermeasures and continue to fight until the end if the United States persists in escalating economic and trade restrictive measures.
TroibNews 
China's Ministry of Commerce stated on Wednesday that it will firmly implement countermeasures and persist in fighting back if the United States continues to escalate economic and trade restrictions.
"I want to emphasize that there is no winner in a trade war, and China does not want a trade war, but the Chinese government will by no means sit by when the legitimate rights of its people are being hurt and deprived," an official from the ministry remarked in response to media inquiries about a white paper released that day by the State Council Information Office, detailing China's stance on issues related to U.S.-China economic and trade relations.
The official highlighted that the achievements of China and the United States are opportunities rather than threats to each other. China urges the U.S. to remove its unilateral tariffs immediately and to engage in dialogue to manage differences and foster cooperation.
China is open to discussing key bilateral economic and trade matters with the U.S., aiming to address shared concerns through equal dialogue and consultations, and jointly promoting stable and sustainable development in their economic ties, the official noted.
The official criticized the United States for using tariffs as a means of exerting economic pressure and advancing self-interests, deeming it unilateralism and economic bullying.
Under the pretext of pursuing "reciprocity" and "fairness," the U.S. is involved in zero-sum games, seeking to advance "America First" and "American exceptionalism," the official stated, adding that the U.S. employs tariffs to undermine the existing international economic and trade framework, allowing its interests to override global welfare and harming countries' legitimate interests for its hegemonic goals.
The U.S. is also accused of intentionally disrupting established global industrial and supply chains and violating market-oriented free trade norms, which the official claims disrupts global economic development and impacts the long-term growth of the world economy.
"It is well proven by history and facts that by raising tariffs, the United States will not solve its own problems," the official stated. They noted that such actions would instead cause significant fluctuations in financial markets, increase inflationary pressures, weaken the U.S. industrial base, enhance the risk of economic recession, and ultimately lead to negative consequences for the U.S. itself.
As the largest developing and developed economies, respectively, China and the United States have complementary strengths in natural resources, human capital, market opportunities, capital, and technology, which can lead to mutual benefits and win-win scenarios, the official added.
The white paper was issued in response to escalating unilateralism and protectionism in the U.S., which has severely hampered normal economic and trade exchanges between the two nations.
Since the start of trade tensions in 2018, the U.S. has imposed tariffs on over $500 billion worth of Chinese exports and has implemented policies to contain China. Recently, these measures included additional tariffs on Chinese goods, justified by various pretexts including the fentanyl issue and reciprocal tariffs.
These actions exemplify the isolationist and coercive nature of U.S. policies, which contradict the principles of a market economy and multilateralism, and are expected to have serious implications for U.S.-China economic relations, according to the white paper.
In this context, the Chinese government aimed to clarify the situation surrounding economic ties with the U.S., outline its policy positions, reveal the adverse effects of unilateralism and protectionism, and demonstrate its determination to protect national interests and uphold the multilateral trading system, the official conveyed.
The document stressed that China has consistently viewed U.S.-China economic and trade relations as mutually beneficial and win-win.
Recognizing that both countries are at different developmental stages with unique economic systems, it is natural for China and the U.S. to experience differences and friction in their economic cooperation, the white paper explained.
In recent years, while the U.S. trade deficit has risen globally, the portion attributed to China has actually declined. The official pointed out that raising tariffs on China has not narrowed the U.S. trade deficit; instead, it has increased import costs and further widened the deficit.
The goods trade balance between China and the United States is an inevitable result of structural issues within the U.S. economy and the comparative advantages and international division of labor between the two nations, the official added.
Looking ahead, China plans to continue harnessing its import potential and transform its vast market into a global marketplace, thereby bolstering momentum for global economic growth.
Ramin Sohrabi for TROIB News
"I want to emphasize that there is no winner in a trade war, and China does not want a trade war, but the Chinese government will by no means sit by when the legitimate rights of its people are being hurt and deprived," an official from the ministry remarked in response to media inquiries about a white paper released that day by the State Council Information Office, detailing China's stance on issues related to U.S.-China economic and trade relations.
The official highlighted that the achievements of China and the United States are opportunities rather than threats to each other. China urges the U.S. to remove its unilateral tariffs immediately and to engage in dialogue to manage differences and foster cooperation.
China is open to discussing key bilateral economic and trade matters with the U.S., aiming to address shared concerns through equal dialogue and consultations, and jointly promoting stable and sustainable development in their economic ties, the official noted.
The official criticized the United States for using tariffs as a means of exerting economic pressure and advancing self-interests, deeming it unilateralism and economic bullying.
Under the pretext of pursuing "reciprocity" and "fairness," the U.S. is involved in zero-sum games, seeking to advance "America First" and "American exceptionalism," the official stated, adding that the U.S. employs tariffs to undermine the existing international economic and trade framework, allowing its interests to override global welfare and harming countries' legitimate interests for its hegemonic goals.
The U.S. is also accused of intentionally disrupting established global industrial and supply chains and violating market-oriented free trade norms, which the official claims disrupts global economic development and impacts the long-term growth of the world economy.
"It is well proven by history and facts that by raising tariffs, the United States will not solve its own problems," the official stated. They noted that such actions would instead cause significant fluctuations in financial markets, increase inflationary pressures, weaken the U.S. industrial base, enhance the risk of economic recession, and ultimately lead to negative consequences for the U.S. itself.
As the largest developing and developed economies, respectively, China and the United States have complementary strengths in natural resources, human capital, market opportunities, capital, and technology, which can lead to mutual benefits and win-win scenarios, the official added.
The white paper was issued in response to escalating unilateralism and protectionism in the U.S., which has severely hampered normal economic and trade exchanges between the two nations.
Since the start of trade tensions in 2018, the U.S. has imposed tariffs on over $500 billion worth of Chinese exports and has implemented policies to contain China. Recently, these measures included additional tariffs on Chinese goods, justified by various pretexts including the fentanyl issue and reciprocal tariffs.
These actions exemplify the isolationist and coercive nature of U.S. policies, which contradict the principles of a market economy and multilateralism, and are expected to have serious implications for U.S.-China economic relations, according to the white paper.
In this context, the Chinese government aimed to clarify the situation surrounding economic ties with the U.S., outline its policy positions, reveal the adverse effects of unilateralism and protectionism, and demonstrate its determination to protect national interests and uphold the multilateral trading system, the official conveyed.
The document stressed that China has consistently viewed U.S.-China economic and trade relations as mutually beneficial and win-win.
Recognizing that both countries are at different developmental stages with unique economic systems, it is natural for China and the U.S. to experience differences and friction in their economic cooperation, the white paper explained.
In recent years, while the U.S. trade deficit has risen globally, the portion attributed to China has actually declined. The official pointed out that raising tariffs on China has not narrowed the U.S. trade deficit; instead, it has increased import costs and further widened the deficit.
The goods trade balance between China and the United States is an inevitable result of structural issues within the U.S. economy and the comparative advantages and international division of labor between the two nations, the official added.
Looking ahead, China plans to continue harnessing its import potential and transform its vast market into a global marketplace, thereby bolstering momentum for global economic growth.
Ramin Sohrabi for TROIB News
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