BEIJING (Reuters) -China’s top legislative body on Monday began reviewing the first revision in more than two decades of the country’s foreign trade law, as Beijing seeks to give legal backing to countermeasures it can take in a trade conflict. The revision would strengthen China’s trade countermeasures, allowing trade bans or restrictions on foreign individuals…
The action includes a further 34 per cent tariffs on imports from China, raising American tariffs on China to 54 per cent. In a statement on Thursday morning, the ministry accused the US of “typical unilateral bullying” and vowed to take resolute countermeasures. It also said Beijing would urge Washington to remove the tariffs and…
The State Council, China’s cabinet, on Wednesday issued a regulation saying the country may take countermeasures if foreign countries impose discriminatory or restrictive measures against its citizens or organisations in intellectual property disputes. It issued the rule as part of Beijing’s efforts to strengthen its toolbox to counter external “containment and suppression”. The rule, part…
BEIJING (Reuters) – China is preparing countermeasures against fresh U.S. import tariffs set to take effect on Tuesday, China’s state-backed Global Times reported, with American agricultural exports likely in Beijing’s cross hairs. U.S. President Donald Trump last week threatened China with the extra 10% duty, resulting in a cumulative 20% tariff, while accusing Beijing of…
President Donald Trump’s decision to impose new tariffs on imports from Canada, Mexico, and China has triggered strong reactions from US trading partners, with Canada and Mexico outlining potential countermeasures and China warning of retaliation. The tariffs, which take effect Saturday (February 1), include a 25% levy on Canadian and Mexican imports and a 10%…