BR100 Increased By (0.05%)
BR30 Decreased By (-0.02%)
KSE100 Increased By (0.53%)
KSE30 Increased By (0.58%)
BECO 6.15 Increased By ▲ 0.38 (6.59%)
BML 52.91 Decreased By ▼ -0.09 (-0.17%)
BOP 34.30 Increased By ▲ 0.31 (0.91%)
CNERGY 8.20 Increased By ▲ 0.09 (1.11%)
DCL 12.36 Increased By ▲ 0.16 (1.31%)
FCCL 53.60 Increased By ▲ 0.77 (1.46%)
FCSC 5.30 Increased By ▲ 0.23 (4.54%)
FFL 18.10 Increased By ▲ 0.15 (0.84%)
FNEL 1.32 Increased By ▲ 0.03 (2.33%)
HUMNL 10.98 Increased By ▲ 0.10 (0.92%)
KEL 8.07 Increased By ▲ 0.05 (0.62%)
KOSM 5.52 No Change ▼ 0.00 (0%)
MLCF 87.50 Increased By ▲ 0.99 (1.14%)
NBP 186.49 Increased By ▲ 1.33 (0.72%)
PACE 10.72 Increased By ▲ 0.14 (1.32%)
PAEL 39.60 Increased By ▲ 0.18 (0.46%)
PIAHCLA 26.35 Increased By ▲ 0.13 (0.5%)
PIBTL 16.76 Increased By ▲ 0.09 (0.54%)
PPL 229.63 Increased By ▲ 1.45 (0.64%)
PRL 34.87 Increased By ▲ 0.19 (0.55%)
PTC 65.70 Increased By ▲ 0.37 (0.57%)
SEARL 90.44 Increased By ▲ 0.31 (0.34%)
SSGC 26.94 Increased By ▲ 0.34 (1.28%)
TELE 8.38 Increased By ▲ 0.10 (1.21%)
THCCL 59.19 Increased By ▲ 0.69 (1.18%)
TPLP 8.35 Increased By ▲ 0.13 (1.58%)
TREET 24.69 Increased By ▲ 0.16 (0.65%)
TRG 70.13 Increased By ▲ 0.42 (0.6%)
WAVES 9.95 Increased By ▲ 0.01 (0.1%)
WTL 1.28 No Change ▼ 0.00 (0%)
By

BEIJING: Threats and pressure are not the right way to deal with China, a Chinese foreign ministry spokesperson said on Monday after describing US President Donald Trump’s “reciprocal tariffs” as bullying. The tariffs are “typical unilateralism and protectionism, and economic bullying”, spokesperson Lin Jian told a regular press conference.

He said that US tariffs in the name of reciprocity only served its own interest at the expense of other countries. Last week, Trump introduced an additional 34% tariff on Chinese goods as part of steep levies imposed on most US trade partners, bringing the total duties on China this year to 54%. China retaliated with a series of countermeasures.

Lin deferred to other bodies the question of whether China would engage in negotiations with the United States. US customs agents have been collecting Trump’s unilateral 10% tariff on all imports from many countries since Saturday.

“The abuse of tariffs by the United States is tantamount to depriving countries, especially those in the Global South, of their right to development,” Lin said, citing a widening gap between the rich and poor in each country, and less developed countries suffering a greater impact.

All countries should uphold consultation, joint construction and sharing, and “genuine multilateralism”, he said.

China will raise the US reciprocal tariffs as a “new trade concern” at a World Trade Organization meeting on April 9, according to a World Trade Organization document, a move seen by trade sources as a step toward building a broader coalition to oppose them. China has already filed a formal complaint to the Geneva-based watchdog.

Lin also urged countries to jointly oppose all forms of unilateralism and protectionism, and safeguard the international system and the multilateral trading system according to the United Nations and World Trade Organization values, respectively.

Comments

Comments are closed for this article.