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On March 22, 2018, the Sino-US trade war was imminent
On March 22, 2018 (February 6, 2018 lunar calendar), the Sino-US trade war was on the verge of breaking out. In the early morning of March 22, 2018, the history of Sino-US trade ushered in a "darkest moment". At noon Eastern Time on the 22nd, Trump signed a presidential memorandum, which will impose large-scale tariffs on goods imported from China according to the results of the "301 investigation" and restrict Chinese companies from investing and mergers and acquisitions in the United States. Trump told the media before the White House signing that the scale of Chinese goods involved in taxation can reach 60 billion US dollars. After Trump announced his heavy hand on "friend" China, according to CCTV North American reporter Wang Guan's social media news, after Trump declared war, the Chinese Embassy in the United States immediately released a video response on social media. "We don't want a trade war with the United States or any other country, but we are not afraid of a war," Cui Tiankai, China's ambassador to the United States, said in a video. "If someone imposes a trade war on us, we will fight it." At this critical juncture, Cui Tiankai also accepted a midnight interview on CGTN's "Wei View the World" program. Tian Wei (left) Cui Tiankai (right) Ambassador Cui said in response to a question from the host Tian Wei that China has no intention of fighting a trade war with any country. But if the other party provokes, China will "accompany you to the end" and "see who really sticks to the end." Ambassador Cui added: "China will do everything in its power to protect its legitimate rights and interests, so as to also safeguard the world trade order. In doing so, it is still responsible for the long-term interests of the United States." In response to President Trump's accusations of China, "stealing American intellectual property and technology," Ambassador Cui responded: The United States should realize that the world has changed now. Many countries are developing innovation. If the United States feels that technology belongs to its own family, this attitude is "discriminating against other countries" and a manifestation of ignorance. When asked how China will respond to the current US pressure on China, Ambassador Cui said: If others want to be hard, we will also be hard! Let's see who sticks to the end! When asked whether the leaders of China and the United States will continue to have close contact or communicate directly through various forms in the future, Ambassador Cui said firmly: "The leaders of China and the United States will always maintain direct communication. The importance of China-US relations requires direct communication at the highest level. On the morning of March 23, China launched its first punch against Trump! The website of the Ministry of Commerce of China published an article this morning entitled "Spokesperson of the Ministry of Commerce made remarks on China's release of the list of products subject to the 232 measures against US imports of steel and aluminum products." The original text is as follows: Screenshot of the website of the Ministry of Commerce On March 23, 2018, the Ministry of Commerce released the list of products subject to the 232 measures against US imports of steel and aluminum products and solicited public comments. It plans to impose tariffs on some products imported from the United States to balance the losses caused by the US tariffs on imported steel and aluminum products to China's interests. The spokesperson of the Ministry of Commerce made a statement on this. The list tentatively contains 7 categories and 128 tax items, which according to 2017 statistics, involve US exports to China of about 3 billion US dollars. The first part contains a total of 120 tax items, involving US exports to China of 977 million US dollars, including fresh fruits, dried fruits and nut products, wine, modified ethanol, American ginseng, seamless steel pipes and other products, which are to be subject to a 15% tariff. The second part contains a total of 8 tax items, involving US exports to China of 1.992 billion US dollars, including pork and products, recycled aluminum and other products, which are to be subject to a 25% tariff. The US's imposition of 25% and 10% tariffs on imported steel and aluminum products on the grounds of "national security" actually constitutes a safeguard measure. China has drawn up a list of suspended concessions in accordance with the relevant provisions of the WTO Agreement on Safeguards. If China and the United States fail to reach a trade compensation agreement within the specified time, China will exercise the right to suspend concessions on the first part of the product; China will implement the second part of the list after further assessing the impact of the US measures on China. China reserves the right to adjust the measures according to the actual situation and will follow the necessary procedures in accordance with the relevant WTO rules. The US practice of restricting the import of products on the grounds of "national security" has seriously damaged the multilateral trading system represented by the WTO and seriously disrupted the normal international trade order. It has been opposed by many WTO members. China has also negotiated with the US through multiple levels and channels, and will take legal actions under the WTO framework to jointly safeguard the stability and authority of multilateral trade rules with other WTO members. As the world's two largest economies, cooperation is the only correct choice for the two countries. It is hoped that the two sides will proceed from the overall situation of China and the United States, meet each other halfway, focus on cooperation, manage differences, and jointly promote the healthy and stable development of China-US economic and trade relations. China urges the US to resolve China's concerns as soon as possible, resolve differences between the two sides through dialogue and consultation, and avoid damage to the overall situation of China-US cooperation.


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