Q: On February 20th Eastern Time, the U.S. Supreme Court announced the ruling on the tariff litigation case, ruling that the U.S. government’s imposition of reciprocal tariffs, fentanyl tariffs, and related tariffs based on the International Emergency Economic Powers Act is illegal. What is the Ministry of Commerce’s comment on this?
A: We note that the U.S. Supreme Court announced the ruling on the tariff litigation case and are conducting a comprehensive assessment of the relevant content and impact. China has always opposed all forms of unilateral tariff measures, repeatedly emphasizing that there are no winners in a trade war and that protectionism has no way out. The U.S. measures such as reciprocal tariffs and fentanyl tariffs violate international economic and trade rules as well as U.S. domestic law, and are not in the interests of all parties. Repeated facts have proven that when China and the U.S. cooperate, both benefit; when they fight, both suffer. China urges the U.S. to cancel the unilateral tariffs imposed on trade partners. We also note that the U.S. is preparing to adopt alternative measures such as trade investigations to maintain tariffs on trade partners. China will closely monitor this and firmly safeguard its interests.
Risk Warning and Disclaimer
The market carries risks; investments should be cautious. This article does not constitute personal investment advice and does not consider individual users’ specific investment goals, financial situations, or needs. Users should consider whether any opinions, views, or conclusions in this article are suitable for their particular circumstances. Investment is at your own risk.
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Ministry of Commerce spokesperson responds to questions about the U.S. Supreme Court's ruling on the tariff litigation case
Q: On February 20th Eastern Time, the U.S. Supreme Court announced the ruling on the tariff litigation case, ruling that the U.S. government’s imposition of reciprocal tariffs, fentanyl tariffs, and related tariffs based on the International Emergency Economic Powers Act is illegal. What is the Ministry of Commerce’s comment on this?
A: We note that the U.S. Supreme Court announced the ruling on the tariff litigation case and are conducting a comprehensive assessment of the relevant content and impact. China has always opposed all forms of unilateral tariff measures, repeatedly emphasizing that there are no winners in a trade war and that protectionism has no way out. The U.S. measures such as reciprocal tariffs and fentanyl tariffs violate international economic and trade rules as well as U.S. domestic law, and are not in the interests of all parties. Repeated facts have proven that when China and the U.S. cooperate, both benefit; when they fight, both suffer. China urges the U.S. to cancel the unilateral tariffs imposed on trade partners. We also note that the U.S. is preparing to adopt alternative measures such as trade investigations to maintain tariffs on trade partners. China will closely monitor this and firmly safeguard its interests.
Risk Warning and Disclaimer
The market carries risks; investments should be cautious. This article does not constitute personal investment advice and does not consider individual users’ specific investment goals, financial situations, or needs. Users should consider whether any opinions, views, or conclusions in this article are suitable for their particular circumstances. Investment is at your own risk.