MOFCOM Takes Four Measures To Deal With Sino US Trade Frictions

Ministry of Commerce spokesman on the 9 day should be introduced to ease the impact of Sino US trade friction policy considerations.

A spokesman for the Ministry of Commerce said that China had to make necessary counterattacks against the US side's tariff measures in July 6th.

China has taken full account of the substitution of imported products and the overall impact on Trade and investment in the process of studying the list of products that are taxed in the US.

At the same time, we will study the following measures:

1. Continuous assessment of the impact of various enterprises. Two. The increase of tax revenue in counter measures will mainly be used to mitigate the impact of enterprises and employees. Three, encourage enterprises to adjust their import structure, increase the import of soybeans, soybean meal and other agricultural products and aquatic products and automobiles in other countries and regions. Four, accelerate the implementation of the opinions issued by the State Council on June 15th to actively and effectively utilize foreign capital and promote the development of high quality economy, strengthen the protection of the legitimate rights and interests of enterprises, and create a better investment environment.

A spokesman for the Ministry of Commerce said that our policy portfolio is still improving, and we welcome suggestions from all sectors of the community.

If there are more serious individual enterprises, it is suggested that they should be reflected to the local government departments concerned.