In his March 22 announcement on Section 301 and China, President Trump said, “We have a huge ip theft situation, which is also in the hundreds of billions of dollars. And this on an annual basis. I spoke to the president. I have spoken to representatives of China. We have looked very seriously at that. However, he mentioned other issues that were not related to intellectual property. He said the United States had a $504 billion trade deficit with China, or $375 billion, which he called “the largest deficit of a country in the history of our world.” He also said he had spoken with Chinese government officials, including President Xi, to “immediately reduce the trade deficit by $100 billion.” He also stressed that trade should be “reciprocal” and said that the United States was worth a 2% tariff on Chinese cars, while China was calculating a 25% tariff. Finally, Mr. Trump noted that the two sides were “in the middle of a very large negotiation” on trade.206 China has strongly criticized the proposed U.S. actions under Section 301. On 24 March, a spokesman for the Chinese Ministry of Commerce (MOFCOM) said that the United States was not respecting China`s efforts to strengthen the protection of intellectual property rights and the voices of the vast majority of the industry and were ignoring WTO rules. It is a typical unilateralism and trade protectionism that China strongly opposes.
This approach by the United States does not promote the interests of China or the United States. This goes against global interests, a very bad precedent. China will not stand idly by in the event of prejudice to its own legitimate rights and interests. We are quite willing to defend our legitimate interests. With respect to The 301 Survey, China has made its position clear on numerous occasions. China does not want to wage a trade war, but it is not afraid of it at all. We are confident and able to meet all challenges. It is hoped that the United States will withdraw before it is too late and not threaten bilateral economic and trade relations.207 A September 2018 article by Brahma Chellaney stated that America`s trade war with China should not mask broader pressure against China`s mercantile trade practices.
investment and credit.  Third, the United States should be very careful in applying the highly protectionist features we have insisted china accept as a precondition for WTO membership. For example, under the product-specific protection contained in the November 1999 bilateral agreement, the United States will have the opportunity to impose unilateral import restrictions from China under conditions that no other WTO member has ever had to accept.