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Beijing has reached a 10 percent new tariff imposed by the United States on Chinese exports, saying it would “take the necessary counter measures to defend its rights and interests” with the entry of trade tensions between the two forces to a new stage.
On Sunday, the Foreign Ministry said that China opposed the definitions, which it had been submitted, “on the pretext of the Fintanel case.”
The Foreign Ministry said: “The United States needs to display and resolve the issue of its Ventanil in an objective and rational way instead of threatening other countries with arbitrary identification increases.”
The Chinese Ministry of Trade said it would file a lawsuit with the World Trade Organization.
It comes by 10 percent to be alongside A 25 % new tariff On exports from Canada and Mexico, President Trump begins an expanded trade war, following a set of measures imposed by the United States on China during his first term.
Trump said that the flow of “illegal foreigners” and drugs, including opium opium, had created a “national emergency” that justifies the definitions.
During the election campaign last year, he had warned of the definitions of up to 60 percent against China, but then indicated a 10 % average. The fees were linked to the country's role in the flow of components or “sects” of the fentanel.
China He agreed to take action To stop the flow of the sects at a summit between President Xi Jinping and then President Joe Biden in San Francisco in November 2023. Since then, Beijing has taken some measures welcomed by the Biden administration, but critics, including some in high -management, have wanted China that China wanted to Do a lot.
Although it is widely expected, the measures constitute a major challenge for the Shi Jinping government at a time when it made weaknesses in local demand in particular exports for economic growth. Last year, it hit the surplus of trade in China Score From approximately 1tn.
Tau Wang, the chief Chinese economist at the UBS investment bank, said the definitions were imposed more quickly than expected and that the rate of the blanket by 10 percent was more expansive than the measures that are traded under the first Trump administration.
“This is wider and is likely to be much larger than the first round,” she said, adding that many Trump expect to add more customs tariffs as soon as his officials complete the review of commercial policy in April.
Wang said she expected the Chinese gross domestic product from 0.3 to 0.4 percent.
In a report published last week, Mooringstar said that the 10 percent tariffs will affect home appliances, household furnishings, lithium batteries and electric cars in China. But she added that many companies “may see less than 5 percent of their total revenues” and that “it may not be bad like fear of some industries.”
Beijing also faces trade tensions with the European Union on customs duties imposed on its electric cars last summer, which led to a wave of anti -products on products from Koniac for milk.
