Business Brief (June 4): China Responds to New U.S. Section 301 Tariffs
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China responds to U.S. Section 301 tariffs
Washington announced the results of its most extensive Section 301 investigation, proposing additional tariffs of 10% or 12.5% on 60 economies. In response, China’s Ministry of Foreign Affairs stated that Beijing consistently opposes all forms of unilateral tariffs, emphasizing that tariff and trade wars do not serve any party’s interests and that economic and trade issues should be resolved through dialogue and consultation based on equality, respect and mutual benefit.
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- China opposes U.S. Section 301 tariffs on 60 economies, calling for dialogue and consultation based on equality and mutual benefit.
- BYD enters humanoid robots; executive VP says competition depends on manufacturing and integrated software/hardware, with potential home sales via dealer network.
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- BYD
- BYD has entered the humanoid robot sector. Executive Vice President Stella Li emphasized that competition hinges on manufacturing capabilities and integrated software and hardware. Automotive AI shares origins with robots, and if ready for home use, robots could be sold through BYD's dealer network.
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