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在线翻译:
szdaily -> China -> 
China warns US on higher tariff report
    2018-08-03  08:53    Shenzhen Daily

CHINA will inevitably take countermeasures if the United States further hinders bilateral trade, the Ministry of Foreign Affairs said Wednesday in response to Western news reports saying that Washington would more than double a set of earlier proposed levies on Chinese goods.

The reports say a 25 percent tariff — instead of the original 10 percent — would be proposed on US$200 billion of Chinese goods by the administration of U.S. President Donald Trump. Reports cited unnamed sources familiar with the plan, which could be announced as early as Wednesday in Washington.

U.S. pressure and blackmail on trade won’t work. If the U.S. takes further steps to escalate trade frictions, China will inevitably come up with countermeasures to resolutely protect its legitimate rights, China’s Foreign Ministry spokesman Geng Shuang said at a news conference.

Geng said China had “always upheld using dialogue and consultations to handle trade frictions,’’ but talks must be based on equality and mutual respect.

On July 10, the U.S. announced a second possible round of tariff increases of 10 percent targeting US$200 billion worth of Chinese imports, goods ranging from steel and aluminum products to cat food and baseball gloves.

The Office of the U.S. Trade Representative set a deadline for final public comments on the earlier proposed 10 percent tariffs to be filed by Aug. 30, after public hearings scheduled for Aug. 20 to 23.

Sheng Liugang, an assistant professor of economics at the Chinese University of Hong Kong, said about 22 percent of goods subject to the additional tariff are consumer products, so levies would have a greater direct effect on U.S. citizens.

“It violates the promises of the administration of U.S. President Donald Trump that a trade war with China will not damage (the nation’s) own people,” he told ftchinese.com.

The U.S. is highly dependent on imports from China, especially consumer goods and industrial parts, said Liang Ming, director of the foreign trade research center at the Chinese Academy of International Trade and Economic Cooperation, affiliated with the Ministry of Commerce.

Among the 6,031 items on the most recent US$200 billion list are 67 items on which the U.S. depends wholly on Chinese imports, the center said.

The U.S. is dependent 90 to 100 percent on Chinese imports for 127 items.

For 193 items, there is 80 to 90 percent dependence. For 207 items, there is 70 to 80 percent dependence, and for 1,150 items, there is a greater than 50 percent dependence, center officials said.

“The additional tariff on the intermediate products from China means it will cost more to produce goods for U.S. manufacturers, and eventually it will be U.S. consumers who pay the bill,” he said. (SD-Agencies)

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