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China has imposed the retaliation of Tariff’s USA, in a hit of the goods worth about $ 14 billion and trembling hope that a trade war can be avoided between the two largest economics in the world.
Announced Beijing Tariffs Last week, in response to the US decision to impose an additional 10 percent of the levies to Chinese products, which US President Donald Trump called the “opening of the Salva” in a renovated trade offensive against China.
Compared to US tariff covers, Chinese measures – targeting US exports of furnished natural gas, coal, raw oil and agricultural equipment, as well as some car goods from 10 to 15 percent – were considered to prevent space for negotiations from preventing a wide trade conflict.
But by Sunday’s deadline, there was no news of the agreement, and the Chinese embassy in Washington said the tariffs came into force on Monday at 12.01 in Beijing (on Sunday in Washington DC) at 11.01.
Beijing also announced last week Antitrust probe in Googlewhose search engine is blocked in China, and Illumina, an American biotechnology company. Also on the black list are the holding of American clothing brands Calvin Klein and Tommy Hilfiger.
China underwent its control over the chain of rare countries, limiting exports to the US five critical metals used in the defense industry, solar panels, electric vehicles and other green energy products. China produces about 60 percent of the world’s rare countries and accounts for 90 percent of the industry processing.
The financial markets initially hoped that Trump may have followed the same book with China as is Kanada and Mexico – against which he also announced Tariff, but then he gave Monthly refund After the last-minute conversation with their leaders.
Trump suggested that he would talk to Chinese President Xi Jinping, but later said he was “in a hurry” to do so.
Experts suggested that Beking could complain Trump’s tacticannouncing the tariffs just two days before they entered into force and before approaching Chinese officials on negotiations.
Trump accused China, along with Mexico and Canada, of failing to suppress the flow of the deadly opioid fental in the United States.
He also instructed the US trade representative to explore the Chinese respect for the first phase of the trade agreement, which he sealed with China in 2020 during his first term at the White House, under which Beijing agreed to buy more US products.
Ustr should inform the name of the probe on April 1, and there could be another conflict in that moment, analysts said.
Beijing took it Some measures To stop the flow of ingredients for fentanil – known as the chemicals of precursor – since the San Francisco meeting at the end of 2023, which included the then US President Joe Biden and XI. But Trump’s administration accuses Beijing of subsidizing Chinese companies that make up the precursor.
The US-Kine trade relationship has shaped the economy of both countries in recent decades.
But the Chinese share of the total import in the US has dropped significantly since Trump introduced tariffs during his first term, leading some analysts suggesting that Beijing could have been Better set this way to withstand the president’s measures.
Frederic Neumann, Chief Asian economist at HSBC, said many Chinese companies would be able to endure a 10 -pointed tariff on their goods, given that the export prices of the country have reduced much more than those rival manufacturers in the last two years.
“If there was only 10 percent of tariffs on China and we left it, I think many investors would sleep more comfortably,” he added. “The great concern, of course, is this introduction to potentially higher trade limitations.”
