Beijing reacted quickly to the tariff of President Trump’s tariff on Tuesday, targeting American companies and declared a Fusilade of critical goods imports.
10 percent tariff on all Chinese products of Mr Trump has been implemented on Tuesday at 12:01, with the result of an executive order issued on the weekend to press Beijing to press the Fentannell shipments in the United States.
The Chinese government returned to the United States with multiple vengeful measures, including liquid natural gas, coal, farm equipment and additional tariffs on other products. It also says that it has implemented restrictions on specific exports Critical mineralMany of which are used in the production of high technology products.
Also, the Chinese market controllers say they have launched an antimonopoli investigation to Google. Google is blocked from China’s Internet, but this step can disrupt company transactions with Chinese companies.
The US duty, which Mr Trump said on Monday, said that he was “opening salvo”, the President came to the top of his first term. Many Chinese products have already faced 10 or 25 percent tariffs and this step has added 10 percent tariffs that Americans buy more than $ 400 billion products every year from China to China.
Mr. Trump planned to hit the three largest trading partners in the United States, Canada, Mexico and China with various degrees tariffs. But after a few days of authentic discussions, Mr. Trump agreed to give the tariff break Mexico and Canada Canadian and Mexican governments promise to increase fentures and border oversight for 30 days.
Monday on Monday that Mr. Trump said he had planned to talk to the Chinese leader Xi Jinping In the next 24 hours, however, it was not clear when the phone call would take place. Before a noise of a call, the Chinese authorities remove the counter -measures to punish American companies.
China’s counterparts have advised American traders to try to hit and send a warning to the Trump administration, while the reserve systems have been retained, which can cause more serious damage to trade between the two largest economies in the world. However, the steps declared by Beijing, especially tariffs and export controls may take time to withdraw Chinese officials, even if Mr Trump indicates the desire to compromise.
“This is probably the beginning of a long process for the two countries,” said Zui Jang, President and Chief Economist of Hong Kong’s investment agency PinPoint Asset Management. “This process has the hope of D-Escate, though the front road can be weak.”
The Trump administration’s tariffs “severely erodes the rules-based multilateral training system, damaging economic and trade cooperation between China and the United States, and disrupts the stability of global industrial supply discipline,” China’s China’s Ministry of Commerce Said in a statement.
The Ministry of Commerce and the Customs Agency of the Chinese have announced new restrictions on Tongsten, Teleurium, Molibdenum and other metal exports for industrial and new technology, citing “national security and interest”.
Chinese measures include crude oil, agricultural equipment, larger cars and pickup trucks additional 10 percent tariff, as well as an additional 15 percent of the coal and natural gas tariffs, Chinese tax authorities have announcedThe
China also says that it has added two American companies to its “incredible entity” list. One of the companies, PVH – American retailer that owns Calvin Klein and Tommy Hilfigger brand – already kept Investigation By Chinese regulators in September. China says PVH took a “discriminatory system” against products from the Xinjiang region of China’s far west.
Google did not immediately respond to commenting on the announcement of the unbelieving investigation.
Google Digital Advertising and Internet searching for the world dominates the world, in China, it means its search engine in the country, its YouTube video platform or its App Store Google Play. Nevertheless, some Chinese phone manufacturers, including its operating system, Android, Xiaomi, Lenovo and Vivo, are used. In the United States, Canada, Europe, and South Korea, the world regulations have searched Google on the basis of unbelief or brought related cases.
In addition to imposing its new tariff, Mr. Trump’s executive order signed Saturday, Finished a popular job Many Chinese companies used to send goods to the United States without paying the tariff imposed in 2018. This provision, known as De Minimis, allows popular e-trade companies like Shane and Temu to send several billions of dollars products to Chinese factories directly without tariffs on American customers.
Mr Trump made the deal with Canada and Mexico on Monday to bring the United States back to the United States from the door to a potential destructive trade war with his nearest two ally. However, it did not interrupt the threat of the same national conflict later.
On Monday, Mr. Trump made it clear that he would generously deploy the tariff to give what other governments want.
Mr. Trump has accused China’s export of Fentanel and failing enough to stop the chemicals used to make it. Mr. Trump said on Saturday that he had issued that the Synthetic OPW ship destroyed the US community, put severe pressure on the health care system, and the main cause of the death of people aged 5 to 6 in the United States.
It is unclear what the Chinese government has recently taken to restrict the Fentannell trade beyond the cooperation of the United States with the United States. Mr Trump discussed Fentannell with Mr. Shi in a phone call in his first week.
During Mr Trump’s first term, China introduced Fentanil sanctions and started working with the United States to capture the smugglers under pressure from Mr Trump. And in 2023, Mr. Shi and the then President Joseph and Biden Jr. Agreed to a series of bilateral discussions After they met Woodside, California in drugs.
A spokesman for the Chinese Embassy in Washington says China opposed the tariff in a view and should solve any differences or friction through dialogue. The spokesman said, “There is no winner in the war of trade war or customs war, which does not serve the interests of both parties or the world,” the spokesman said.
Mr. Trump fought intense trade with China in his first term, after launching a trade case that it was found that the country unjustly violated US intellectual property. He raised tariffs in China and eventually applied for about 5 percent of the country’s export of 5 percent in the United States.
He signed a trade agreement with Chinese leaders in January 2021, but the tariffs were in place. Mr. Biden put those tariffs in place and Additional duty Electric vehicles, solar cells, semiconductor and advanced battery.
Clayer Fu Reporting contribution from Seoul, Amy Chang Dog Taipei, Taiwan, and Nico Grant From San Francisco.
