The Ministry of Commerce plans to push 4 measures to ease the impact of Sino-US trade frictions

2024-04-05 18:06:37
Abstract In the face of how China mitigates the impact of enterprises in Sino-US trade frictions? A spokesperson for the Ministry of Commerce said that China must make necessary counterattacks on the US side to impose tariff measures on July 6. In the process of studying the list of counter-products against the United States, the Chinese side has fully considered the progress...

In the face of how China can alleviate the impact of enterprises in Sino-US trade frictions?

A spokesperson for the Ministry of Commerce said that China must make necessary counterattacks on the US side to impose tariff measures on July 6. In the process of studying the list of counterfeit products for taxation in the United States, the Chinese side has fully considered the substitution of imported products and the overall impact on trade and investment. At the same time, we will study the following measures:

(1) Continuously assess the impact of various types of enterprises.

(2) The increase in tax revenue from counter-measures will be mainly used to alleviate the impact on enterprises and employees.

(3) Encourage enterprises to adjust the import structure and increase the import of agricultural products such as soybeans and soybean meal in other countries and regions, as well as aquatic products and automobiles.

(4) Accelerate the implementation of certain opinions issued by the State Council on June 15 on actively and effectively utilizing foreign capital and promoting high-quality economic development, strengthen the protection of legitimate rights and interests of enterprises, and create a better investment environment.

Our policy portfolio is still being improved, and we welcome all sectors of the community to give us advice and suggestions. If there are individual enterprises with more serious impacts, it is recommended to report to the relevant local government departments.

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