In response to the proposed 60% tariff, China states that such tariffs will ultimately be paid by consumers in the importing country.

2024-11-22 17:30

In response to questions from journalists about Trump's campaign proposal to impose a 60% tariff on Chinese goods and its potential impact on China's exports, Wang Shouwen stated that China's economy has demonstrated strong resilience and enormous potential for development. China is working hard to build a new economic structure that is primarily driven by domestic demand and promotes both internal and external circulation, which enables us to effectively respond to external challenges. Historical experience has also shown that imposing additional tariffs on China has not resolved the trade deficit issues of the initiating country; instead, it has led to higher costs for consumers and end-users in the importing country, thereby increasing prices and triggering inflation.


Wang Shouwen emphasized that as the two largest economies in the world, China and the United States have strong economic complementarity. Maintaining a stable, healthy, and sustainable development in economic and trade relations is not only in the interest of the people of both China and the United States but also the common expectation of people around the world. China is willing to engage in active dialogue with the United States on the basis of mutual respect, peaceful coexistence, and win-win cooperation, to expand cooperation, properly handle differences, and promote steady development of bilateral economic and trade relations. At the same time, China will also resolutely defend its sovereignty, security, and development interests.