Chinese Trade Body Criticizes Trump's Tariff Proposal as Unfair
Chinese business lobby opposes Trump’s proposed tariffs, calls US trade probe unfair: Report
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The China Council for the Promotion of International Trade (CCPIT) has expressed strong opposition to the Trump administration's proposed tariffs on Chinese exports, labeling them as unfair and detrimental to global trade. The tariffs are part of a broader U.S. effort to address forced labor in international supply chains.
- 01The CCPIT stated that the proposed tariffs of 10% or 12.5% target trading partners unfairly and undermine global trade standards.
- 02The U.S. tariffs stem from a Section 301 investigation into alleged forced labor practices in the supply chain.
- 03The CCPIT warned that these measures could exacerbate existing trade tensions and disrupt global supply chains.
- 04China and other affected nations have rejected the allegations of forced labor as unilateral and inconsistent with international norms.
- 05The CCPIT called for dialogue and cooperation instead of unilateral trade restrictions to stabilize global trade relations.
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The China Council for the Promotion of International Trade (CCPIT) has voiced strong opposition to the Trump administration's proposed tariffs on Chinese exports, which are set at 10% or 12.5%. The council criticized the tariffs as unfairly targeting trading partners and undermining the global trading system. This proposal follows a Section 301 investigation by the U.S. into allegations of forced labor in international supply chains. The CCPIT stated that the tariffs apply U.S. domestic standards to other economies, deviating from multilateral trading principles. They warned that such measures could further strain global trade relations, especially as businesses are already facing geopolitical uncertainties and supply chain disruptions. The council urged the U.S. to cease its unilateral trade restrictions and instead resolve disputes through dialogue. The proposed tariffs could lead to new trade disputes at a time when global trade is already under pressure from various challenges.
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The proposed tariffs could disrupt trade relations and supply chains, affecting businesses and economies reliant on international trade.
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