China hits back at US with 34% extra tariffs, lawsuit at WTO following its 'reciprocal tariffs'

Li Yong (poet)calligrapher known for his semi-cursive style and a nobility in the Tang Empire (678-747)

Mutual benefit and win-win cooperation have always been the fundamental perspective of China and the essence of China-US economic and trade relations. By adopting a victim mentality and using national security threats as a pretext, the US has continuously blocked mutually beneficial trade and investment ties between China and the US, gradually eroding the foundation of their economic cooperation,

Li said

Li Yong (poet)calligrapher known for his semi-cursive style and a nobility in the Tang Empire (678-747)

The US' move is tantamount to detonating a tariff bomb on global trade, destroying the foundations and rules of international commerce, while at the same time, this action will not make the US greater or wealthier. Instead, it will fuel inflation and could even accelerate an economic recession in the US,

Li Yong, a senior research fellow at the China Association of International Trade, told the Global Times

This is not America first; this is America alone,

Hildegard Müller, president of the German Association of the Automotive Industry (VDA), said in a note sent to the Global Times on Thursday

Aware of the Trump administration's tariffs, Beijing had already prepared numerous measures, including both countermeasures and financial tools to maintain domestic market stability,

a source said

The United States has drawn the so-called ‘reciprocal tariffs’ based on subjective and unilateral assessments, which is inconsistent with international trade rules and seriously damages the legitimate rights and interests of relevant parties,

the statement said

I have great respect for President Xi (Jinping) of China, great respect for China, but they were taking tremendous advantage of us,

Trump said during his roughly hour-long address in the White House’s Rose Garden on Wednesday

Anthony Albaneseprime Minister

We will not join a race to the bottom that leads to higher prices and slower growth,

Albanese said

China strongly opposes the US' move and will resolutely take countermeasures to safeguard its legitimate interests,

Guo said at a regular press conference in Beijing, responding to a question over the US' announcement of "reciprocal tariffs" on its major trade partners, including 34 percent on China

China urges the US to immediately correct its wrongdoings and resolve trade disputes with China and other countries through equal, respectful, and mutually beneficial dialogue,

the spokesperson stressed

Bernd Langebroad EU retaliation options in the case of a potential trade war, EU parliamentarian

I hope that our arguments and the firmness of our response will provide sufficient incentives to bring the US to the negotiating table,

Lange said

Many trading partners have expressed strong dissatisfaction and clear opposition,

the ministry said in a statement responding to Wednesday's U.S. announcement of reciprocal tariffs

There is no winner in a trade war, and protectionism leads nowhere,

the spokesperson said