China on Monday criticized a U.S. proposal urging allies, including the EU and G7, to impose tariffs of 50% to 100% on Chinese goods in response to Beijing’s purchases of Russian oil. Calling the move “a typical act of unilateral bullying and economic coercion,” the commerce ministry said it violated prior consensus between Chinese and U.S. leaders and risked destabilizing global trade and supply chains. It warned that “if any action harms China’s interests, China will take all necessary steps to protect its lawful rights and interests,” though it did not specify retaliatory measures. Despite the sharp rebuke, Beijing emphasized its preference to resolve trade and economic disputes with Washington through “dialogue and consultation based on equality.”
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