China Urges U.S. to Scrap All Tariffs on Chinese Goods — FX Impact

China Urges U.S. to Scrap All Tariffs on Chinese Goods

China's Ministry of Commerce (MOFCOM) spokesperson He Yongqian reiterated Beijing's firm opposition to U.S. Section 301 tariffs, stating that multiple formal complaints have been filed with Washington. The spokesperson called on the U.S. to remove all tariffs on Chinese products immediately, noting the WTO has repeatedly ruled these tariffs illegal.

FX Impact: China's consistent diplomatic pressure reflects its commitment to defending the multilateral trade order. The trajectory of U.S.-China trade relations remains one of the most critical external variables shaping RMB exchange rate dynamics.