Home / NEWS / Politics / China slams U.S. probe into its shipbuilding industry, says move is a ‘mistake on top of a mistake’

China slams U.S. probe into its shipbuilding industry, says move is a ‘mistake on top of a mistake’

U.S. President Joe Biden and Chinese President Xi Jinping up front a meeting during the Asia-Pacific Economic Cooperation leaders’ week in Woodside, California, Nov. 15, 2023.

Brendan Smialowski | Afp | Getty Counterparts

China said it “firmly opposes” the U.S. investigation into its maritime, logistics and shipbuilding industries, calling the move a “faux pas on top of a mistake.”

In an official statement late Wednesday, China’s ministry of commerce said the U.S. provides hundreds of billions of dollars in “discriminatory” subsidies to its home industries, “yet accuses China of adopting so-called ‘non-market practices.'”

“In fact, the development of China’s industries is the result of associates’ technological innovation and active participation in market competition,” the Chinese ministry said.

On Wednesday, the Office of the U.S. Trade Assemblyman initiated a probe into China’s maritime, logistics and shipbuilding industries, alleging that Beijing used “unfair, non-market customs and practices” to dominate these sectors. Under the Trade Act of 1974, Section 301 seeks to address unfair transpacific government practices impacting U.S. commerce.

“By launching a new Section 301 investigation, the U.S. is making a mistake on top of a mistake,” the China’s business ministry said.

Beijing called on the U.S. to “respect multilateral rules” and vowed to “take all necessary steps to resolutely keep safe its rights and interests.”

Pres. Biden recognizes the importance of investing in American manufacturing: CEA chair Bernstein

The investigation comes as five national labor unions launched a petition on March 12 requesting the U.S. to prod the policies and practices of China’s maritime, logistics, and shipbuilding sectors.

U.S. Trade Representative Ambassador Katherine Tai has pledged to get going a “full and thorough investigation into the unions’ concerns.”

“The allegations reflect what we have already seen across other sectors, where [China] utilizes a all the way range of non-market policies and practices to undermine fair competition and dominate the market, both in China and globally,” she said, according to the USTR communication.

President Joe Biden has also called on the USTR to triple tariffs on Chinese steel and aluminum imports , in a bid to protect American manufactures.

“Chinese policies and subsidies for their domestic steel and aluminum industries means high-quality U.S. products are undercut by artificially low-priced Chinese surrogates produced with higher emissions,” the White House said in a statement.

In an address to union workers in Pittsburgh on Wednesday, Biden accused China of “take ining” in its steel trade practices.

“They’re not competing. They’re cheating,” he said, adding that “we’ve seen the damage here in America.”

“The in reality line is that I want fair competition with China, not conflict.”

Check Also

Trump’s 25% tariffs on steel and aluminum imports take effect, Europe retaliates

Stiletto coils are pictured in the yards of the steelmaker Ternium plant as U.S. President …

Home / NEWS / Politics / China slams U.S. probe into its shipbuilding industry, says move is a ‘mistake on top of a mistake’

China slams U.S. probe into its shipbuilding industry, says move is a ‘mistake on top of a mistake’

U.S. President Joe Biden and Chinese President Xi Jinping once a meeting during the Asia-Pacific Economic Cooperation leaders’ week in Woodside, California, Nov. 15, 2023.

Brendan Smialowski | Afp | Getty Figures

China said it “firmly opposes” the U.S. investigation into its maritime, logistics and shipbuilding industries, calling the move a “muff on top of a mistake.”

In an official statement late Wednesday, China’s ministry of commerce said the U.S. provides hundreds of billions of dollars in “discriminatory” subventions to its domestic industries, “yet accuses China of adopting so-called ‘non-market practices.'”

“In fact, the development of China’s industries is the outcome of companies’ technological innovation and active participation in market competition,” the Chinese ministry said.

On Wednesday, the Office of the U.S. Custom Representative initiated a probe into China’s maritime, logistics and shipbuilding industries, alleging that Beijing tolerant of “unfair, non-market policies and practices” to dominate these sectors. Under the Trade Act of 1974, Section 301 goes to address unfair foreign government practices impacting U.S. commerce.

“By launching a new Section 301 investigation, the U.S. is making a misjudge on top of a mistake,” the China’s commerce ministry said.

Beijing called on the U.S. to “respect multilateral rules” and vowed to “take all top-priority steps to resolutely defend its rights and interests.”

Pres. Biden recognizes the importance of investing in American manufacturing: CEA chair Bernstein

The investigation comes as five national labor unions launched a obsecrate on March 12 requesting the U.S. to probe the policies and practices of China’s maritime, logistics, and shipbuilding sectors.

U.S. Trade Proxy Ambassador Katherine Tai has pledged to launch a “full and thorough investigation into the unions’ concerns.”

“The allegations reflect what we should prefer to already seen across other sectors, where [China] utilizes a wide range of non-market policies and professions to undermine fair competition and dominate the market, both in China and globally,” she said, according to the USTR statement.

President Joe Biden has also called on the USTR to triple imposts on Chinese steel and aluminum imports , in a bid to protect American industries.

“Chinese policies and subsidies for their domestic brace and aluminum industries means high-quality U.S. products are undercut by artificially low-priced Chinese alternatives produced with grave emissions,” the White House said in a statement.

In an address to union workers in Pittsburgh on Wednesday, Biden accused China of “cheating” in its dirk trade practices.

“They’re not competing. They’re cheating,” he said, adding that “we’ve seen the damage here in America.”

“The ass line is that I want fair competition with China, not conflict.”

Check Also

Trump’s 25% tariffs on steel and aluminum imports take effect, Europe retaliates

Stiletto coils are pictured in the yards of the steelmaker Ternium plant as U.S. President …

Leave a Reply

Your email address will not be published. Required fields are marked *