Home breadcru News breadcru Import/Exports breadcru China urges US to remove tariffs as latter's exports hit new record

China urges US to remove tariffs as latter's exports hit new record

15 Apr '22
1 min read
Pic: Shutterstock
Pic: Shutterstock

A US-China Business Council (USCBC) report on US exports to China reaching a new record in 2021, helping support 860,000 American jobs, is yet another proof of the mutually beneficial nature of China-US economic and trade ties, China's commerce ministry recently said, urging the US government to do away with the tariffs and stop crackdowns on Chinese firms.

Addressing the latest report by USCBC, ministry spokesperson Shu Yuting said China hopes the United States remove the tariffs on Chinese imports as soon as possible and stop its crackdown on Chinese enterprises, creating a normal atmosphere for expanding bilateral cooperation, Chinese media reported.

According to the US Export Report 2022, US goods exports to China grew by 21 per cent to reach an all-time high of $149.2 billion in 2021 underpinned by growth in grain, semiconductors and energy products, as global trade continued to recover from the pandemic.

ALCHEMPro News Desk (DS)

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