Declare war! The Chinese government has raised tariff rates on 5140 imports from the United States.

Release time:

2019-05-15

On the CCTV news broadcast at 7 pm on May 13, the host Kang Hui broadcast an international commentary entitled "China is ready for a comprehensive response. The commentary pointed out that the trade war against China initiated by the United States is just a hurdle in China's development process. It is no big deal. China will strengthen its confidence, face difficulties, turn crises into opportunities, and create a new world. International Sharp Review

International Sharp Review

China is ready for a comprehensive response

Regarding the trade war initiated by the United States, China has long stated its attitude: it is unwilling to fight, but it is not afraid to fight, and has to fight when necessary.

In the face of the hard and soft hands of the United States, China has already given the answer: talk, the door is open; fight, accompany to the end.

After more than 5,000 years of stormy weather, what kind of formation has the Chinese nation never seen?! In the great process of national rejuvenation, there will inevitably be difficulties and obstacles and even stormy waves. The trade war against China initiated by the United States is just a hurdle in China's development process. It is no big deal. China will strengthen its confidence, face difficulties, turn crises into opportunities, and create a new world. No matter how the external situation changes, the most important thing for China is to do its own thing, constantly deepen reform, expand opening up, and achieve high-quality economic development.

The next step for the United States is to talk, fight, or take other actions. China has prepared a policy toolbox and is ready for a comprehensive response.

As President Xi Jinping pointed out, China's economy is a sea, not a small pond; a storm can overturn a small pond, but not the sea; after countless storms, the sea is still there!

China's Countermeasure

Raise tariffs on US goods

Less than an hour after the news broadcast, the Ministry of Finance published the Chinese government's measures to counter the US trade war:

In accordance with the the People's Republic of China Foreign Trade Law, the the People's Republic of China Import and Export Tariff Regulations and other laws and regulations, and the basic principles of international law, with the approval of the Party Central Committee and the State Council, the Tariff Commission of the State Council has decided that starting from 0:00 on June 1, 2019, the additional tariff rate will be increased for some US goods on the US $60 billion list with tariffs, with tariffs of 25%, 20% or 10% respectively. The 5% tariff will continue to be imposed on goods that were previously subject to a 5% tariff.

Compared with last year, the tolerance of China's economy to the trade war has been significantly enhanced this year. As time goes by, the impact of the trade war on China will become smaller and smaller. It is estimated that China will not matter if it is really fought for a year or two. On the contrary, the United States is not, because the trade war will eventually transfer costs to American consumers, so the negative impact on the US economy is getting bigger and bigger.

Hot comments from netizens

share a bitter hatred against the enemy and overcome difficulties together

This sharp comment made netizens boil instantly and made "News Network" top of the hot search list. Netizens said one after another: "never bow in the face of problems of principle" and "share a common hatred against the enemy and overcome the difficulties together".