On April 8, the spokesperson of the Ministry of Commerce made a statement on the US threat to escalate tariffs on China. The spokesperson said that the Chinese side noted that on April 7 Eastern Time, the US side threatened to further impose 50 percent tariffs on China, which China firmly opposes. If the US escalates tariffs, China will resolutely take countermeasures to safeguard its own rights and interests.

On April 8, the spokesperson of the Ministry of Commerce made a statement on the US threat to escalate tariffs on China. The spokesperson said that the Chinese side noted that on April 7 Eastern Time, the US side threatened to further impose 50 percent tariffs on China, which China firmly opposes. If the US escalates tariffs, China will resolutely take countermeasures to safeguard its own rights and interests.

The following are the top ten suggestions for China's export enterprises:

First, clarify the terms of tariff liability

Two: Set the price adjustment mechanism terms

Iii. Set delivery time and order fulfillment risk management

Fourth: Add provisions to respond to tariff policy changes

Five: Attach importance to the certificate of origin compliance

Sixth: Optimize the application of law and dispute resolution provisions

Seven: Enhance the evaluation of the buyer's credit status

Viii. Optimize the compensation mechanism for breach of contract

Nine: Flexible adjustment of payment terms

Ten: Pay attention to the list of goods exempted from tariffs