China’s Ministry of Commerce said in a press conference that the new US Section 301 tariffs are a “typical act of unilateralism and protectionism, and China firmly opposes it”. Following the expiration of the 10% tariffs under Section 122, the new tariffs on China under Section 301 are at 12.5%.
The comments from Beijing seemed relatively mild, with the ministry saying it is willing to continue dialogue with the US in order to resolve each other’s concerns. It hopes that the US will uphold the c...