‘Nothing to do with China’: trade body hits back over US Section 301 probes
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China's trade promotion body, CCPIT, plans to take legal action to defend Chinese shipbuilding, logistics, and maritime companies affected by the US Section 301 investigations. The investigations, launched by the US trade office, aim to determine whether Chinese trade practices are unfair and discriminatory. The CCPIT spokesperson called the probes 'unreasonable' and blamed the downturn in the US shipping industry on its own lack of competitiveness, stating that it had nothing to do with China. The Chinese commerce ministry expressed strong dissatisfaction with the US move but has not announced any retaliatory action. The USTR may take appropriate action if the investigations determine that foreign practices have unfairly affected US commerce. US Secretary of State Antony Blinken is expected to discuss unfair trade practices and industrial overcapacity during his visit to Beijing. President Joe Biden has called for tripling the tariff rate on Chinese steel and has pledged to protect American jobs from the impact of Chinese steel flooding the market.
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