Money and business

China opposes America’s imposition of additional tariffs on semiconductors


Expressed as customs tariffs on .

A spokeswoman for the Chinese Ministry of Commerce said "He Yongqian" During a regular press conference: "China does not agree with the conclusions of the US Section 301 investigations, and resolutely opposes the imposition of additional Section 301 tariffs on Chinese semiconductor products."

Tariffs

The Office of the United States Trade Representative recently announced the results of its investigations under Article 301 into China’s policies in the field of semiconductors, announcing plans to impose new tariff measures under the same article on semiconductors coming from China.

According to the announcement, the measure will begin with an initial tariff rate of zero percent, then rise within 18 months to a level that will be announced no less than 30 days before the 23rd. June 2027.

The spokeswoman added that China has taken note of the relevant situation and made strong representations to the US side through the China-US economic and trade consultation mechanism.

Related Articles

Back to top button