China’s Ministry of Commerce: US Section 301 probe is a unilateral measure… ‘undermines the international trade order’
Uk Jin
Summary
- China’s Ministry of Commerce said it strongly opposed the United States’ launch of an investigation under Section 301 of its trade law.
- China’s Ministry of Commerce criticized the Section 301 probe as a typical unilateral act that seriously undermines the international economic and trade order.
- China’s Ministry of Commerce added that the World Trade Organization (WTO) has previously ruled that tariff measures based on Section 301 investigations violate WTO rules.
Forecast Trend Report by Period
Chinese authorities strongly pushed back against the United States’ launch of an investigation under Section 301 of its trade law.
On the 13th (Korea time), China’s Ministry of Commerce said in a statement on its official website, “We are aware that the United States has initiated a Section 301 investigation into 16 economic entities, including China, on the grounds of so-called ‘excess capacity’,” adding, “A Section 301 investigation is a typical act of unilateralism and seriously undermines the international economic and trade order.”
It added that the World Trade Organization (WTO) has already ruled that tariff measures based on Section 301 investigations violate WTO rules.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
![XRP investors face mounting pressure with '60% in the red'…altcoin market stirs as Bitcoin rebounds [Kang Min-seung’s Altcoin Now]](https://media.bloomingbit.io/PROD/news/b2449b97-0c96-4b26-81d4-a706a3d01ea5.webp?w=250)
![Bitcoin on alert for Middle East-driven 'oil price variable'…Ethereum holds $2,000; XRP flashes rebound signal [Lee Soo-hyun’s Coin Radar]](https://media.bloomingbit.io/PROD/news/e4b1a9f1-23e3-47f4-ba17-1f4a1a565fd6.webp?w=250)
