Beijing has accused Washington of undermining global trade rules.
CGTN’s Zhao Yunfei tells us more.
CGTN’s Zhao Yunfei tells us more.
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00:00The pursuit of so-called fairness is more than just America first, but American exceptionalism
00:06That's the stance that China has taken on u.s.
00:08Sweeping tariffs against trading partners around the globe in a statement on Saturday Beijing said Washington's move
00:16infringes on other countries legitimate rights violates World Trade Organization rules harms the rules based
00:23multilateral trading system and
00:25Disrupt global economic stability. It also labeled u.s. Tariffs as an act of unilateralism
00:32protectionism and economic bullying data from China's general administration of
00:37Customs shows that the United States is China's third largest trading partner in the first two months of this year
00:44But economic experts are worried that the tariffs could further damage bilateral trade
00:49China announced on Friday another 34% tariff placed on all imported u.s. Products
00:56That's the same amount of additional tariffs that Trump earlier imposed on China
01:01China's countermeasures clearly demonstrate a zero tolerance stance against actions that seek to undermine the global
01:09multilateral trading ecosystem these harmful moves have
01:13Far-reaching consequences for the global economy and China's countermeasures are both well prepared and timely
01:21China says it would take resolute measures to safeguard its sovereignty and interest in Saturday's statement Beijing reiterated
01:28China's commitment to high-level opening up and sharing development with the world
01:33It called for global cooperation to reject protectionism and uphold the rules based
01:39International trading system
01:40The statement also called on the international community to value fairness and justice and stand on the right side of the history
01:48so you face cgtn, Beijing