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Foreign Ministry Spokesperson's Remarks
2018/07/11

Q: The Trump administration has threatened further 10% tariffs on $200 billion of Chinese imports in the United States. We know MOFCOM has already responded to that, but do you have any additional comments? In particular, when exactly will China release a full list? Whether there have been any additional attempts to start talks again with the US side? And whether the response from China will involve the so-called qualitative measures and what those might be?

A: This morning, the Spokesperson of China's Commerce Ministry issued a statement on it and made clear China's stern position. I would like to stress once again that the US action is the quintessential trade bullying. We will take necessary countermeasures to safeguard our legitimate and legal rights and interests. The multilateralism, free trade and rules-based order are pit against unilateralism, protectionism and power games. China will join hands with the international community to stand on the right side of history and champion multilateral trading system and rules.

As to what countermeasures will be taken by the Chinese side, the Commerce Ministry will deal with it in a timely and proper manner.

Q: We have noted that the trade war initiated by the US has triggered concerns worldwide. IMF Managing Director Christine Lagarde said that the US must bear the consequences its tariff measures afflicted on the world trading system. Roberto Azevedo, the Director-General of the World Trade Organization (WTO) warned that the global trading system is wobbling. Former Federal Reserve Chairman Alan Greenspan said that it is the American people that are paying for those tariff hikes. Governor of the Bank of England Mark Carney said that the US will end up being the biggest loser in a full-blown trade war. What is your comment?

A: Presently, all countries have been economically integrated into the global industrial chain and global value chain to varying degrees. We are all interdependent and our interests are closely intertwined. It is the right choice to lend a helping hand to others after one becomes well-off. Clinging to the outdated zero-sum game mindset and willfully provoking a trade war will harm the interests of not only the two parties involved but also all other parties on the global industrial chain. It will produce no winners. 40% of China's commodity exports and two thirds of its high-tech exports are manufactured by foreign enterprises in China. As the Spokesperson of China's Commerce Ministry said, the US side is firing at the whole world as well as itself. The relevant remarks of the authorities in the international economic field you mentioned just now fully demonstrate that the irrational actions taken by the US are quite dangerous and they harm others as well as the US itself and go against the will of the people.

I want to stress once again that the multilateralism, free trade and rules-based order are pit against unilateralism, protectionism and power games. The international community should make concerted efforts to firmly oppose unilateralism and protectionism and uphold the multilateral trading system and free trade rules. It is the duty of all responsible major countries.

Q: Does the Chinese side believe that it is still possible to restart the talks with the US on the trade issues?

A: Regarding the trade issues between China and the US, our position is quite clear. Though a trade war is the last thing we want, we are in no way afraid of fighting one. The Chinese side will take resolute and forceful measures in a timely manner to safeguard its own legitimate and legal rights and interests and uphold the multilateral trading system and rules.

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