Beijing (ANTARA) - China\u2019s Ministry of Commerce said on Monday (23\/2)\nthat it had taken note of the US Supreme Court ruling against US\ngovernment tariffs imposed under the International Emergency Economic\nPowers Act (IEEPA), and is conducting a comprehensive assessment of its\ncontent and implications.<\/p>\n
The US Supreme Court ruled on Friday (20\/2) last week that the\nimposition of tariffs by the US government against its trading partners\nunder IEEPA was illegal.<\/p>\n
Responding to media questions, a spokesperson for China\u2019s Ministry of\nCommerce said that China has long opposed all forms of unilateral tariff\nincreases. The spokesperson also stressed that there are no winners in a\ntrade war and that protectionism leads to a dead end.<\/p>\n
Unilateral policies applied by the US, such as the imposition of\nreciprocal tariffs and fentanyl tariffs, not only violate international\neconomic and trade rules but also contravene US domestic law, and do not\nbenefit any party, the spokesperson added.<\/p>\n
\u201cChina urges the US to revoke the unilateral tariffs imposed against\nits trading partners,\u201d the spokesperson said, emphasising that if China\nand the US cooperate, both will benefit, and when they are in conflict,\nboth will suffer.<\/p>\n
Furthermore, the spokesperson stated that China has observed that the\nUS side is preparing to use alternative measures, such as trade\ninvestigations, in an effort to maintain the tariffs imposed on its\ntrading partners. \u201cChina will closely monitor this and firmly protect\nits own interests.\u201d<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/china-reviewing-impact-of-us-supreme-court-ruling-on-tariffs-1771914814", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }