China's commerce ministry announced that Beijing and Washington are actively soliciting industry feedback on potential bilateral tariff reductions through a newly established board of trade, with the US also collecting public input.
The commerce ministry questioned the smartphone PLI scheme's extension, but industry data shows production more than doubled, exports rose tenfold, and domestic value addition quadrupled, surpassing China's pace. The scheme met all objectives, offering lessons for future manufacturing growth.
China's Ministry of Commerce spokesperson stated strong dissatisfaction and firm opposition to the US Department of Defense's inclusion of several Chinese companies on its 'Chinese Military Companies List.' The spokesperson condemned the US actions as a violation of international trade order and global supply chain stability, urging the US to immediately revoke the measures and warning of resolute countermeasures if they are not withdrawn.
China's Ministry of Commerce strongly opposes the US Pentagon's decision to add Alibaba, Baidu, and BYD to a list of companies allegedly aiding China's military. Beijing urges the US to immediately revoke the measures, warning of firm countermeasures if they are not withdrawn.
China's Commerce Ministry spokesperson He Yongqian stated opposition to US tariffs imposed under the guise of 'forced labor,' calling them unilateral restrictions. He also noted agreement to establish a trade council for discussing reciprocal tariff reductions on certain products.
China's Commerce Ministry stated that safeguard measures on imported beef are temporary measures to help the domestic industry, not to restrict normal trade. If imports reach the quota threshold, a 55% safeguard tariff will be applied.
China's Commerce Ministry stated that safeguard measures on imported beef are temporary measures to help the domestic industry, not to restrict normal trade. The measures involve additional tariffs once import quotas are met.
China's Commerce Ministry spokesperson He Yongqian stated on June 4 that the US's export controls, based on national security, harm Chinese businesses, disrupt international trade, and destabilize the global semiconductor supply chain. China urges the US to correct its discriminatory measures.
China's Commerce Ministry spokesperson He Yongqian stated that the US's repeated abuse of export controls under the guise of national security has harmed Chinese enterprises, disrupted international trade order, and impacted the global semiconductor supply chain. China urges the US to correct its actions and cease discriminatory measures.
China confirmed it will purchase 200 Boeing aircraft, part of a broader trade deal following a meeting between Presidents Trump and Xi. The agreement also includes supply guarantees for aircraft engine parts and a potential extension of the tariffs truce.
China's commerce ministry announced a preliminary agreement with the US to reduce some tariffs and confirmed deals on agricultural products and aircraft purchases following President Trump's visit to Beijing.
Beijing has warned Brussels that the EU will bear all consequences after the bloc included Chinese companies in its 20th sanctions package against Russia. China's commerce ministry expressed strong dissatisfaction and firm opposition, accusing the EU of acting brazenly despite repeated objections. The package targets 20 Russian banks and includes anti-circumvention measures targeting third-country companies, including Chinese businesses. French President Emmanuel Macron warned that Europe faces pressure from the US, China and Russia simultaneously.
China will hit EU firms with reciprocal measures if the bloc targets Chinese firms as planned under its proposed cybersecurity regulations, Beijing has warned. In a 30-page document submitted to the European Commission on Friday, China’s commerce ministry explicitly warned that broad retaliation was on the table if firms such as Huawei and ZTE were penalised by the law, which was announced in January but is still in draft form. “If the EU designates China as a ‘country posing cybersecurity...
