JAKARTA - The Chinese government urged the United States to stop imposing "unilateral" tariffs following the entry into force of a new global tariff value of 10 percent, as announced by President Donald Trump.
China's Ministry of Commerce confirmed in a statement on Tuesday, February 24, that Beijing's right "to take all necessary measures to defend its legitimate rights and interests".
However, Beijing also expressed readiness to engage in new dialogue with Washington.
The 10 percent import tariff announced by Trump, which will be in effect until July 24, replaces the "reciprocal tariff" previously imposed by the US on all its trading partners, as well as the fentanyl-related tariffs imposed on China, Canada, and Mexico.
The new tariffs were announced after a US Supreme Court ruling on Friday (20/2), simultaneously canceling all tariffs imposed by Trump.
However, Trump later announced that he would raise the tariff value to 15 percent, although he did not mention the time of implementation.
Last October, Trump and Chinese President Xi Jinping agreed to a "ceasefire" in the trade war between the two giant economies during a meeting in South Korea.
Meanwhile, in Taiwan, deputy head of the authority Cheng Li-Chiun said his party would communicate with the US government to ensure that their industry could maintain competitive benefits and receive the best treatment, "regardless of how the US tariff policy develops".
Taiwan and Washington previously agreed to a trade deal in January to lower the value of reciprocal tariffs on their exports to the US from 20 percent to 15 percent.
According to the agreement, Taiwan promised to make direct investments in the US of at least 250 billion US dollars in return.
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