China said on Thursday that it will defend its “legitimate rights and interests” after the United States revealed what it called “mutual definitions” targeting more than 60 countries.
Newsweek I arrived at the White House to comment via email.
Why do it matter
On Wednesday, the US President Donald Trump It announced the imposition of a new planet Definitions On all imported goods and unveiled a list “”Mutual duties“Targeting China And other countries, claim to be fighting commerce Disadmruption and restoration of the American manufacturing industry.
China The second largest economy in the worldIt will face a 34 percent mutual tariff, which will enter on April 9, as well as a 20 percent tariff for the nation is already valid. The list claims that China receives a 67 percent tariff for American products.
What do you know
During a press conference in Beijing, JiakonChinese Foreign Ministry spokeswoman, accused the United States of seriously violating the rules of the World Trade Organization and undermining the bases -based multilateral trading system, which China “rejects firmly.”
The Chinese spokesman stressed that the high tariffs in Washington “does not help in solving his own problem,” while he claims that “more and more countries” have come against walking long distances in America’s tariff and what he called “other bullying movements by one side.”
Meanwhile, a spokesman for his name Chinese Ministry of Commerce He urged the United States to raise unilateral definitions immediately, as well as “correctly solve differences” with its trading partners through equal dialogue, according to Chinese observations.
VCG/VCG via AP
The Chinese Ministry of Trade has accused the United States of ignoring the “balance of interests” reached in multilateral trade negotiations over the years. It also claimed that the United States has long benefited from international trade, while Washington ignored this fact.
“It seems that our close partners are treating similarly to our competitors, with the rate of mutual tariffs in China only higher than TAD TaiwanWindy Kotler, Vice President of the Asian Association Policy Institute, said in a statement to Newsweek. Taiwan will face a 32 percent tariff.
“It is difficult to understand this, given the Taiwan Championship economy And broad manufacturing [foreign direct investment] Projects in the United States, “Cutler added. The government in Taiwan called on the planned US definitions.”Very unreasonableAnd “very unfortunate.”
In March, the semiconductor manufacturer said Taiwan Investing 100 billion dollars In its American operations, after Trump Taiwan was accused of “stealing” the American chips industry and threatened to impose a tariff on semiconductor imports.
Craig Singlton, an older colleague at the Defense Defense Foundation, told Newsweek Trump’s tariff has been dramatically, giving China time to prepare. “The news will not be subscribed to today – but the pressure accumulates,” Singonon said.
What people say
“ “We have emphasized more than once that the wars of trade and definition have no winners. Don’t lead protectionism anywhere. We urge the United States to stop doing the wrong thing, and to solve commercial differences with China and other countries by consulting with equality, respect and mutual benefit.”
A spokesman for the Chinese Ministry of Commerce said: “History has proven that raising the customs tariff will not solve the problems of the United States itself, and will not only harm the interests of the United States itself, but also exposed to global economic development and the stability of the production and supply chain.”
Windy Kotler, Vice President of the Asian Association Policy Institute, said: “The mutual tariff rates that have been announced today will be a shock to our commercial partners and will cause harm to the American economy at higher prices, slower economic growth, and slow investment in business.”
Craig Singlton, an older colleague at the Defense Defense Foundation, told Newsweek: With no high -level diplomacy and both sides [the U.S. and China] Fragrance, the real danger now is the hypothesis hypothetical – not the design. “
What happens after that
It remains to see when China will announce a tariff for revenge on American products, as the country has pledged to “resist firmness.”
