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China: new U.S. tariffs harm WTO system

China: new U.S. tariffs harm WTO system

China’s assistant commerce minister said on Wednesday that the latest proposed tariffs from the United States harms the World Trade Organization system and hurts globalization.

The Trump administration raised the stakes in its trade war with China on Tuesday, saying it would slap 10 percent tariffs on an extra $200 billion worth of Chinese imports.

The Ministry of Commerce’s Li Chenggang said the only correct choice for China-U.S. relations was cooperation.

Li said China’s determination to improve the domestic business environment and its support for the multilateral trading system will not change.