China Vows Measures Against New U.S. Tariffs on Chips and EVs on Tuesday

May 14, 2024, 11:15 AM

China has vowed to take 'all necessary measures' in response to new U.S. tariffs on Chinese goods. The Chinese Ministry of Foreign Affairs and the Commerce Ministry have both issued strong statements opposing the tariff hikes, highlighting that China will take resolute measures to safeguard its legitimate rights and interests. The tariffs reportedly target Chinese chips and electric vehicles (EVs). The Chinese government has lodged solemn representations over the U.S. actions and reiterated its firm opposition to the tariff increases. The statements were made on Tuesday.