Trade Barriers, China's Resistance Against Canadian Customs
June 04, 2018
At 0:50 on March 23, 2018, President Trump officially signed a trade memorandum with China at the White House. Increase tariffs on US$60 billion of goods imported from China, and restrict Chinese companies from investing in the United States. It announced that the United States will impose a 25% tariff on Chinese aerospace, ICT, and machinery products.
As the trade war between China and the United States begins, the United States imposes tariffs on certain commodities in China, including aluminum products, which will cause China Aluminum to suffer certain effects. The spokesman of the Ministry of Commerce stated: The US adopted 232 measures on imported steel and aluminum products, and abused the “security exception” clause of the WTO, which in essence constitutes a safeguard measure. Moreover, its measures are targeted at only a few countries and constitute a serious violation of the cornerstone of the multilateral trading system. The principle of non-discrimination has seriously violated China’s interests. In the early hours of April 2, Beijing time, the State Council of the People's Republic of China formally announced the decision to impose tariffs on 128 types of imported products originating from the United States and began to take effect on the same day.