Data Map/Florence Lo
US Finance Minister Ye Lun said on Monday that China may respond strongly on US tariff operations.It is expected that the United States will impose new tariffs on Chinese products in certain industries this week.
China has stated that these tariff measures will be counterproductive and cause damage to the United States and the global economy.
Ye Lun told reporters after a broadband -related event in Fredericksburg villages in Virginia that she and other American officials have made it clear to China that they may re -adjust the former President Trump in power in power.The tariffs shall be more strategic during the period, but any adjustment will be very targeted.
"We have clearly stated that in the assessment process, we may think that we must re -adjust the measures taken in a more strategic way," she said.
She refused to disclose any details of the U.S. tariff expectations of the United States, but said that the Bayeng government would ensure that any action in the United States would know the Chinese officials in advance.
Ye Lun told Bloomberg TV earlier on Monday, "President Bayeng believes that everything we do should target us, not generally, I hope we will not see China's major response., But always exist in this possibility. "
It is expected that US President Biden will announce a new tariff on Tuesday, including a significant increase in tariffs on electric vehicles.
Sources told Reuters last week that tariffs will also target semiconductors, solar equipment and medical supplies.
"I clearly stated in contact with China that we believe that there is a fair competitive environment. We pay special attention to the areas where clean energy, semiconductors and China encourage excessive investment through policies that lead to excess capacity," she said.
Ye Lun said that she hoped that China would recognize that the United States was targeted and refused to guess any retaliation measures that Beijing might take."We will strive to maintain our actions, we will wait and see," she said.
Ye Lun said that China's promoted industrial policy focuses on advanced manufacturing, which will lead to excess global capacity, which may destroy the competitiveness of American companies.
She emphasized that the United States is willing to continue to trade with China and stabilize relations between the two countries to ensure that any differences can be discussed.
When asked if Bloomberg and whether the United States wanted to trade with China, Ye Lun said: "We are trying to stabilize our economic relationship. We don't want to decompose with China economically, but we really think that the competitive environment should be fairThere are unfair practices such as large -scale subsidies in China.
