The China Association of Automobile Manufacturers (CAAM) on Friday voiced strong opposition to the U.S. decision to impose additional 25 percent tariffs on imported autos and certain auto parts.

Calling the U.S. move a "blatant act of unilateralism," the CAAM said such an act violates the World Trade Organization rules and disrupts normal trade flows, and urged the U.S. side to correct its wrongful decision.

Noting that the auto industry is highly internationalized, the association said the U.S. move will significantly destabilize the global automotive supply chains and lead to an increase in auto prices, which will not only impose additional costs on consumers but also hinder the global economic recovery.

The CAAM also urged the U.S. administration to address industry concerns, engage in international trade with an open, inclusive and cooperative attitude, and work to maintain the prosperity and stability of the global auto industry.

Related

Go to Forum >>0 Comment(s)