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China Council for the Promotion of International Trade Urges US to Stop Overgeneralizing and Abusing Trade Restriction Measures, Properly Handle Economic and Trade Differences Through Dialogue
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A spokesperson for the China Council for the Promotion of International Trade (CCPIT) stated that the Office of the United States Trade Representative (USTR), pursuant to Section 301 of the Trade Act of 1974, has determined following an investigation that 60 economies have failed to implement and effectively enforce measures prohibiting the import of products made with forced labor, and has proposed additional tariffs ranging from 10% to 12.5% on the relevant economies. Among them, China (including the Hong Kong region) has been included on the list of economies subject to a 12.5% tariff rate. The Chinese business community has expressed strong dissatisfaction and firm opposition to this move. The spokesperson added that the investigation covers 60 economies, including major global trading partners, with a broad scope of impact. The US initiated the Section 301 investigation on the grounds that the economies “have not established and effectively enforced import bans on forced labor products” and intends to adopt tariff measures. In essence, this represents the extraterritorial application of US domestic standards and unilateral rules to other economies, lacking a basis in international law and deviating from the rules of the multilateral trading system. The US conclusions that the relevant measures would undermine efforts to eliminate forced labor and distort market competition lack sufficient factual support. The proposed measures use tariffs as a policy tool for pressure, reflecting clear unilateralism and protectionism. The differentiated tariff arrangements clearly violate the principles of non-discrimination and fair competition. The Chinese business community urges the US to respect objective facts, stop overgeneralizing and abusing trade restriction measures, return to a rules-based multilateral trading system, and properly handle economic and trade differences through dialogue and consultation, so as to jointly safeguard the stability of global industrial and supply chains. CCPIT will continue to play its role as a bridge, support enterprises in strengthening compliance and risk management, and promote deeper pragmatic cooperation between the business communities of China, the US and other countries. (jl/u) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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