The increase in tariffs by the United States on Chinese goods will lead to losses for American companies and consumers, Wang Wenbin believes. At the same time, the cost of imported products will increase slightly.
Washington's corresponding protectionist measures will greatly damage the security and stability of global production and supply chains, the representative of the Chinese Foreign Ministry stressed. Beijing calls on the United States to effectively comply with WTO rules and immediately lift the imposition of tariffs on China, he added.
China will take all necessary measures to protect its rights and interests, Wang Wenbin said. Earlier, Washington announced an increase in tariffs on imports of a number of goods. The cost of the increase is estimated at $ 18 billion.
