KUALA LUMPUR: China opposes excessive tariffs, says China's Foreign Minister Wang Yi.
He said this on the sidelines while heading to the Asean+3 meeting here on Thursday (July 10).
"We oppose excessive tariffs," he told reporters briefly when asked about China's stance on the tariffs imposed by the United States.
However, he did not respond when asked if he would meet United States Secretary of State Marco Rubio.
On July 9, US President Donald Trump announced a slew of tariffs, slapping Malaysia, Japan, South Korea, Tunisia and Kazakhstan at a 25% rate.
Other countries hit by US tariffs include South Africa (30%), Bosnia and Herzegovina (30%), Indonesia (32%), Serbia (35%), Bangladesh (35%), Cambodia (36%) and Thailand (36%) and 40% on Laos and Myanmar.
