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Business丨Experts say US forcing nation to hit back

CHINADAILY  · 公众号  · 时评  · 2024-05-17 14:26
The US' decision to impose additional tariffs on Chinese imports marks a further escalation in Washington's efforts to curb emerging industries in China, forcing Beijing to adopt measures to defend its interests, said analysts and heads of business associations on Thursday.▲A view of a new energy vehicle production line in Jinhua, Zhejiang province. HU XIAOFEI/FOR CHINA DAILYIn addition to the existing tariffs under the Section 301 of the US Trade Act of 1974, the US announced on Tuesday additional tariffs on a range of Chinese imports, including electric vehicles, lithium-ion batteries, photovoltaic cells, critical minerals, semiconductors, steel and aluminum.Notably, a World Trade Organization panel found in September 2020 that the Section 301 tariffs contravened its regulations.After China's Ministry of Commerce vowed to take resolute measures to safeguard the rights and interests of Chinese companies, market watchers said that China has many options to counter Washington's actio ………………………………

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