Fashion

China launches twin probes into US trade practices

Published

on



China’s Ministry of Commerce has launched two trade barrier investigations against the United States (US) in response to recent Section 301 probes initiated by Washington, escalating trade tensions between the two economies. The investigations will examine US measures that allegedly disrupt global industrial and supply chains, as well as those that hinder trade in green products.

The move follows two separate Section 301 investigations by the Office of the US Trade Representative on March 12 and 13, targeting multiple economies, including China, over concerns such as “overcapacity” and alleged lapses in preventing imports linked to forced labour. Beijing expressed strong dissatisfaction and firm opposition to these actions.

China has launched two trade barrier investigations into the United States (US) measures following recent Section 301 probes by Washington.
The move targets actions affecting global supply chains and green trade.
Beijing opposed the US investigations and said it would take steps based on findings, signalling rising trade tensions between the two economies.

A ministry spokesperson said the probes were initiated in accordance with China’s Foreign Trade Law and related rules, adding that appropriate measures would be taken based on the findings.

Commerce Minister Wang Wentao also raised concerns over the US actions during a meeting with US Trade Representative Jamieson Greer on the sidelines of the 14th WTO Ministerial Conference in Yaoundé, Cameroon.

Fibre2Fashion News Desk (CG)



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending

Exit mobile version