‘Economic bullying’: China slams U.S. tariffs

Beijing has accused Washington of undermining global trade rules.  CGTN’s Zhao Yunfei tells us more.

Transcript

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