Hong Kong – China On Friday, a 34 % tariff announced all the products imported from the United States, and the escalation of the trade war Among the largest economy in the world.
The move came two days after the president Donald Trump duty The same tariff on all Chinese imports As part of what he called mutual definitions on a A long list of American commercial partners.
In addition to 20 % in the other fees that Trump imposed on Chinese goods since she returned to his post in January At least 54 %.
Announcing new definitions in The White House spoke On Wednesday, Trump photographed China as one of the “nations that deal with us badly.” The United States has a higher trade deficit with China more than any other country, reaching $ 295.4 billion last year.
China, one of the largest trade partners in the United States, has urged the Trump administration to immediately cancel the definitions and “resolve commercial disputes through equality, respect and reciprocity.”
The Chinese Ministry of Finance said in a statement on Friday that the latest tariff for the United States “does not correspond to the rules of international trade, and seriously hurt China’s legitimate rights and interests, which is a typical work of bullying by one side.” “It not only destroys American interests, but also displays global economic development and the stability of supply chains.”
The ministry said that China’s tariff for American goods will take place next Thursday. The new US tariff for Chinese goods is running Wednesday.
China also aimed at the US Agriculture Sector, declaring an immediate comment on importing chicken products from three American companies, importing fine corn from C&D (USA) Inc. Noting health concerns.
The Chinese Ministry of Commerce said it had filed a lawsuit at the World Trade Organization on Trump’s tariff by 34 % on Wednesday.
“China has always been a strong defender of the international economic and commercial system and a fixed supporter of the multilateral trading system,” said a ministry spokesman. “We urge the United States to correct its wrong practices immediately and cancel the tariff measures unilaterally.”
The Ministry has added 11 American companies to the “unreliable entities” list, which prevents them from importing or exporting them to China, and 16 companies to the export monitoring list.
In addition, the Ministry of Commerce announced the achievement of combating dumping in the medical X -ray pipes imported from the United States and India and new export controls on rare soil including samarium, cadolinium, turbium, discos, luteteium, scan -cards and strutium starting from Friday.
American and European market futures fell sharply to the Beijing Declaration. The news came on Friday evening in China, where the markets were closed for a public vacation.
China’s tariff was much higher than expected.
China was Relative In its response to the previous Trump tariff, while maintaining its revenge tariff is limited to 10 % to 15 % and targeted only on some goods.
“We don’t see such restrictions this time,” said Shaw, who is located in Beijing.
“This reflects the changes in China’s tactics – he might want to force Trump on negotiations,” he said.
Shaw said China may be ready to make some concessions in exchange for reducing the customs tariff, such as approval of The sale of American Tiktok operations By its Chinese owner to avoid banning the United States, the deadline that is on Saturday.
China’s previous responses to the American definitions also included new investigations and export controls and the inclusion of more American companies in the list of unreliable entities.
Shaw said that Nontarif measures, such as restrictions imposed on the export of rare minerals, which are major components in everything from electronics to defense systems, can have a major impact.
He added: “In the maximum case, the United States will lose access to all the monetary minerals produced by China, and it will struggle to find alternatives.”
The United States imported $ 438.9 billion of goods from China last year, according to US Trade Representative OfficeExport $ 143.5 billion of goods.
