‘Wait and see’ on American tax plan

Source: Xinhua | 2017-02-22

CHINA will make careful evaluations and respond accordingly if the United States unveils a detailed plan on the proposed border-adjustment tax, Commerce Minister Gao Hucheng said yesterday.

China was aware of a recent proposal within the US administration concerning a border tax on imports, said Gao when answering a question on US President Donald Trump’s posts on Twitter.

All countries should abide by international trade rules when formulating trade policies, the minister said.