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US hits China with more trade probes
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CHINESE exporters have suffered a total of 20 trade remedy probes initiated by the United States in 2016, an 81.1 percent increase year on year, the Ministry of Commerce said yesterday.
The 11 anti-dumping and nine anti-subsidy investigations involved US$3.7 billion, up 131 percent from 2015, according to the ministry.
Recently, the US published a series of trade remedy rulings involving Chinese products, including truck and bus tires as well as imports of Chinese stainless steel sheet and strip.
China suffered 140 trade remedy measures from the US as of the end of 2016, including 102 anti-dumping and 38 anti-subsidy measures, according to the ministry data.
“Given that the trade scale between China and the US is huge, it is normal that trade frictions will occur,” said Wang Hejun, head of the ministry’s trade remedy and investigation bureau. “However, it is noticeable that the US is imposing high taxes on Chinese imports and many of its measures are against WTO rules.”
Wang said China hoped to work with the US to solve trade friction through talks within the WTO framework for a win-win relationship.
Last year, Chinese exporters suffered a record 119 trade remedy probes, initiated by 27 countries and regions, up 36.8 percent year on year.
“Trade friction is normally sporadic and played under the WTO rules ... while trade wars lay aside trade rules,” Wang said. “We do not want trade wars ... but we will be well prepared for and are capable of defending our own rights and interests.”
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