china responds to trump administration's latest tariff list - home appliances manufacturers in china

Update Time: 6: 35m.
On Wednesday, China responded to the Trump administration's list of Chinese exports, which could soon be subject to a high 25% tariff.
The White House list covers about $50 billion worth of Chinese goods in aerospace, robotics, IT and machinery.
China's Commerce Ministry said Wednesday it would impose a 25% tariff on 106 U. S. goods. S.
Products, including soybeans, airplanes and cars, are worth $50 billion.
There is no indication of when the new tariff will take effect.
The Commerce Department also said it had launched a dispute with the United States. S.
At the World Trade Organization.
"It must be said that we were forced to take this action," Deputy Commerce Minister Wang Shouwen said at a news conference, according to The Associated Press . ".
"Our actions are restrained.
China's Ministry of Commerce says it has launched a World Trade Organization dispute process against the United States. S.
The 301 tariff survey Wednesday saw escalating trade disputes between the world's two largest economies.
Last month, President Trump instructed his trade advisers to develop the list as a way to punish China for unfair treatment of U. S. intellectual property rights.
Trump also ordered his finance minister to impose new restrictions on Chinese investment in the United States.
The tariff target list was announced after the market closed on Tuesday.
News of China's retaliatory tariffs on the $3 billion U. S. S.
Goods that promote Sharp's sales
Rest on Wall Street on Monday.
The government will seek written comments on the proposed tariff target by May 11 and will hold a hearing on May 15.
With a single announcement, supporters and opponents began to weigh.
Chinese embassy in Washington. C.
A statement earlier Wednesday said Beijing "strongly condemns and firmly opposes" the list of proposals.
"As the Chinese proverb says, there is only a polite response," the statement continued . ".
The Chinese side will use the WTO dispute settlement mechanism to take corresponding measures on the US side. S.
Products that comply with Chinese laws. "The U. S.
The American Chamber of Commerce says it shares the president's concerns about China's actions, but warns that tariffs will only raise prices for American goods. S.
Consumers and businesses.
"The government has rightly focused on restoring fairness and impartiality in our trade relations with China," said Myron Brilliant, executive vice president and head of International Affairs of the Chamber of Commerce.
"However, taxing products used daily by American consumers and those who create jobs is not the way to achieve these goals.
"The goal is to minimize the impact on the average consumer.
But it did not appease critics.
"While we are happy that many everyday products such as clothing and shoes are not on the list, we are still concerned that other products such as consumer electronics and household appliances are targeted, matthew Shea, president of the National Retail Federation, said.
"As we have always said, tariffs are a tax on consumers and a drag on the national economy.
US manufacturing alliance-
An alliance of the United StatesS.
Trade union of steelmakers and steelworkers
More inspiring.
"If China does not follow the rules, it should lose some chance to enter the United States. S.
Scott Paul, president of the league, said.
"Otherwise, nothing will change, and jobs in the United States will continue to be affected by Beijing's practices. "The U. S.
The trade deficit with China last year was $337 billion, up 9% from the previous year.
Services are not included, including the United StatesS.
The trade surplus was $375 billion,
For a long time, American companies have complained about being forced to work with Chinese companies and using their technology as a price for doing business quickly --
The growing Chinese market
China has promised to stop such compulsory technology transfer.
But similar promises have not been fulfilled in the past.
Tariffs on China are the latest in a series of protectionist actions announced by the government in recent weeks.
The White House also ordered tariffs on imported solar panels, washing machines and steel and aluminum, although it granted temporary exemptions for steel and aluminum taxes to some of the country's largest trading partners.
Experts say the excess of iron and aluminum on the world market is largely a product of excessive supply
Although China is not a large direct supplier of these metals, production in ChinaS.
On Monday, China announced tariffs on U. S. exports. S.
Including pork, nuts and sparkling wine.
Despite the limited direct impact of these tariffs, they raise concerns about the escalating trade war.