Recently, according to the Global Times, Canada’s Minister of Export Promotion, International Trade and Economic Development, Wu Fengyi, said in a telephone interview on May 17 that Canada is considering whether to increase tariffs on Chinese-made electric vehicles.
Earlier this month, the White House announced that it would impose additional tariffs on electric vehicles and other goods imported from China.
In response, Chinese Foreign Ministry spokesman Wang Wenbin said that China urges the United States to effectively abide by WTO rules and immediately cancel the additional tariffs imposed on China.
China will take all necessary measures to defend its rights and interests.
, according to Bloomberg News, Wu Fengyi accepted a telephone interview when participating in relevant APEC activities in Peru on the 17th and talked about issues related to imposing additional tariffs on electric vehicles made in China.
Reported that she said in an interview,”We are studying this issue very carefully and we are also in open dialogue with our American partners.
” The report also said that when asked whether “Canada needs to adjust tariffs on Chinese-made electric vehicles to be consistent with the United States,” Wu Fengyi replied that the Canadian government is discussing relevant policies with U.S. officials,”We are definitely considering this issue.
” She also said that the focus of Canada’s work is to produce electric vehicles domestically.The U.S. White House released a message on the 14th local time, citing China’s so-called “unfair trade practices” to exaggerate that Chinese goods pose an “unacceptable risk” to U.S. economic security, and asked the country’s trade representative to increase tariffs on $18 billion of imported goods from China in accordance with Section 301 of the 1974 Trade Act.
“to protect U.S. workers and businesses.
” The White House claimed that the action against China was “carefully targeted at strategic areas” and involved industries such as electric vehicles, lithium batteries, and photovoltaic cells.
Craig Allen, president of the U.S. -China Business Council, issued a statement on the 14th, saying that maintaining Trump-era tariffs and imposing additional taxes “will ultimately make it more difficult for American companies to maintain the competitiveness of domestic and foreign companies, resulting in fewer jobs in the United States.
Against the background of continued inflationary pressure, this will also push up the US consumer price index.”,.Regarding issues related to “the United States announced that it will impose additional tariffs on Chinese electric vehicles and other goods”, Wang Wenbin said at a press conference on May 15 that the United States continues to politicize economic and trade issues and further increase tariffs on China, which is adding to the mistake.
It will only significantly push up the cost of imported goods, make American companies and consumers bear more losses, and make American consumers pay a greater price.
According to calculations by Moody’s, American consumers bear 92% of the cost of imposing additional tariffs on China, and American households spend more than $1300 a year.
The US’s protectionist measures will also cause greater damage to the security and stability of the global production and supply chain.
We have noticed that many European politicians have said that imposing tariffs is the worst way to undermine global trade.
Wang Wenbin also said that we urge the United States to earnestly abide by WTO rules and immediately cancel the measures to impose additional tariffs on China.
China will take all necessary measures to defend its rights and interests.
(Source: Global Times.
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