China announced a retaliatory tariff against the United States after President Donald Trump imposed a 10 % tax on all Chinese imports.
Anti -tax measures include 15 % tax on charcoal imports and LNG from the United States, while crude oil, agricultural machines, captured trucks and cars with large engines will face a 10 % tariff. It is expected to enter into force next Monday.
China complained to the World Trade Organization (WTO) – accused of the United States of violating international bases.
Trump says the definitions are in response to a trade deficit – as well as an attempt to reduce the flow of opiates. His administration says that the chemicals used to make the medicine come from China.
Beijing has already said that the American fentanel crisis was its own issue.
The new US tariffs entered an additional 10 % on Chinese imports on Tuesday.
In a statement declared its response, China said that this step “was not only useful in solving its (American) problems, but also undermines natural economic and trade cooperation between China and the United States.”
Other steps have taken Beijing in response to the new tariffs of the Trump administration that includes adding more American companies to a “unreliable entity” list.
This time, PHV Corp, the company that owns fashion brands, has been targeted by Calvin Klein and Tommy Hilfiger, and the American Biotechnology Illumina.
In a statement, the Chinese Ministry of Commerce accused companies of “discriminatory measures against Chinese institutions.”
Companies that have been added to the list may face a number of penalties, including fines and the abolition of work visas for their foreign employees.
Beijing has also announced plans to restrict the export of 25 critical minerals, some of which are major components of electrical products.
These include tungsten, which are difficult to obtain and decisive materials for the space industry and telorium, and are widely used for solar panels and molybdenum, which are used to strengthen steel alloys.
A Chinese observation body launched a Google investigation due to alleged violations of the rules of competition, known as anti -monopoly.
Although Google's search services have been banned in China since 2010, they still have some commercial activities in China. It still provides applications and games to the Chinese market through partnership with local developers for example.
In the past, both the United States and China have imposed a tariff on hundreds of billions of commodities of each other in the past as part of a continuous trade war.
Meanwhile, Trump commented for 30 days on the 25 % definitions on Mexico and Canada that threatened it.
After the negotiations at the last minute, the American neighbors agreed more stronger in border security and to take more steps to address trafficking in Fntanil – a victory for the Trump strategy to benefit from the American economy to impose concessions from other countries.
Together, China, Mexico and Canada formed more than 40 % of imports in the United States last year.
It is still unclear whether Trump will follow his threats to Canada and Mexico as soon as the deadline has ended for 30 days.
This uncertainty raises concerns that companies can see that it reduces their dependence on American markets, or adhere to investing in building new factories or employing workers until the commercial confrontation becomes more clear.
