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China’s Ministry of Commerce urged the U.S. to “immediately cancel” its unilateral tariff measures and vowed to take “resolute counter-measures” to safeguard its own rights and interests, after U.S. President Donald Trump announced what analysts described as the steepest tariff hikes in a century.

“The U.S. has drawn the so-called ‘reciprocal tariffs’ based on subjective and unilateral assessments, which goes against international trade rules and seriously undermine the legitimate rights and interests of relevant parties,” a commerce ministry spokesperson said in a statement, translated by CNBC.

The Chinese official described the Trump administration’s decision to impose reciprocal tariffs as a “typical unilateral bullying practice,” adding that many countries have expressed “strong dissatisfaction and clear opposition.”

The statement comes after Trump announced a baseline tariff of 10% on all countries and steeper rates on many countries, including 34% on China, 20% on the European Union, 46% on Vietnam and 32% on Taiwan.  

Source: CNBC
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