INSUBCONTINENT EXCLUSIVE:
The China Chamber of Commerce of Metals, Minerals - Chemicals Importers - Exporters (CCCMC) on Saturday voiced strong opposition to the
unilateral imposition of mutual tariffs by the United States.In a statement, the CCCMC stated the relocation seriously breaches WTO rules
and weakens the genuine rights and interests of WTO members.It also risks harming United States -China trade cooperation, inflating import
costs for companies, worsening domestic inflation in the United States and heightening the possibility of an economic downturn in the United
States, stated the chamber
Trade wars produce no winners, it mentioned, adding that duplicated tariff walkings would fail to solve United States domestic challenges
while harming its financial growth.The chamber stated it firmly supports the Chinese government in taking all required economic
countermeasures, and prompts the United States government to right away revoke its unilateral tariff hikes.It also called its worldwide
peers in the market, consisting of the United States ones, to oppose the United States administrations unilateral bullying trade practices
and work together to alleviate the unfavorable effects of the trade war.(Cover: Ethanol production devices with 600,000-tonne yearly output
at Tanxin Technology Co., Ltd
in Huaibei, Anhui Province, east China, December 28, 2023.)
