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(Yicai) April 7 -- Six major Chinese import and export chambers of commerce have issued a joint statement expressing their resolute opposition to the United States' "reciprocal tariffs” on goods imported from China and called upon businesses to unite in confronting the unilateral measure.
The chambers said they support all measures taken by the Chinese government to safeguard national interests and corporate rights and urged the United States to immediately cease its unilateralism and resolve differences through dialogue and consultation, according to the statement they released on April 5.
The six are the China Chamber of Commerce for Import and Export of Machinery and Electronic Products, the China Chamber of Commerce for Import and Export of Foodstuffs, Native Produce and Animal By-Products, the China Chamber of Commerce for Metals, Minerals, and Chemicals Importers and Exporters, the China Chamber of Commerce for Import and Export of Textiles, the China Chamber of Commerce for Import and Export of Light Industrial Products and Arts-Crafts, and the China Chamber of Commerce for Import and Export of Medicines and Health Products.
China unveiled a series of countermeasures on April 4 after US President Donald Trump signed an executive order on "reciprocal tariffs" on April 2, announcing a baseline 10 percent levy on trading partners and additional tariffs for some. Chinese imports face an additional 34 percent border tax.
The Office of the Customs Tariff Commission said China will impose an additional 34 percent levy on all goods imported from the US from April 10, while the Ministry of Commerce added 11 American firms, including drone makers Skydio and Brinc Drones, to its unreliable entity list and 16 others, including High Point Aerotechnologies and Universal Logistics, to its export control list.
The ministry also initiated an anti-dumping investigation into imported medical computed tomography tubes from the United States and India.
The General Administration of Customs suspended the export qualifications of a US company involved in sorghum shipments to China and revoked the permits of three American firms that export poultry meat and bone meal along with two other poultry product exporters.
The ministry and the GAC then announced in a joint statement that they will impose export controls on seven categories of medium-to-heavy rare earth-related items -- dysprosium, gadolinium, lutetium, samarium, scandium, terbium, and yttrium.
China has also filed a lawsuit with the World Trade Organization regarding the US imposition of "reciprocal tariffs" on Chinese products.
Editor: Futura Costaglione