China announced the retaliation of Tariff against the US after President Donald Trump imposed 10% of all taxes on Chinese imports.
The opposite measures include 15% of coal taxes and furnished imports of natural gas from the US, while raw oil, agricultural machines, trucks and cars with a large engine will face 10% tariff. It is expected to take effect next Monday.
China complained to the World Trade Organization (WTO) – accusing the US for violating international rules.
Trump says the tariffs are a response to a trade deficit – as well as the effort to suppress the flow of opioid fentanil. His administration says the chemicals that used to come from China.
Beijing said earlier that the American fentan crisis was her question.
The new US tariff additional 10% of Chinese imports entered into force on Tuesday.
In a statement that announced her answer, China said that the move was “not only charity in solving her [America’s] their own problems, but also undermine normal economic and trade cooperation between China and the USA “.
Other steps taken by Beijing in response to the new Trump administration tariffs include adding more US companies to his “Nerels -Devullated Entity” list.
This time, PHV Corp, a company that owns fashion brands Calvin Klein and Tommy Hilfiger, and the American biotechnology company Illumina, are targeted.
In a statement, the Chinese Ministry of Commerce accused companies of “discriminatory measures against Chinese companies”.
Companies added to the list may face numerous sanctions, including fines and working visas of their foreign employees.
Beijing also announced plans to limit the exports of 25 critical minerals, some of which are key components for electric products.
They include Volfram, which is difficult to source and key material for the airline industry, Tellurium, is widely used for solar panels, and molybdenum, which is used to strengthen the steel alloys.
The Chinese Guardian has launched an investigation into Google for alleged violations of competition rules, known as antitrust.
Although Google’s search services have been blocked in China since 2010, there is still some business activities in China. It still provides applications and games in the Chinese market, for example, through partnership with local developers.
Both China and China have been imposed on hundreds of billions of dollars worth of goods in the past in the past as part of a continuous trade war in the past.
In the meantime, Trump suspended 25% of Tariffs on Mexico and Canada for 30 days.
After the Last -minute negotiations, the two American neighbors agreed on a more strict security of the border and took greater steps to solve the trade in Fentanil – a victory for Trump’s strategy of exploitation of the US economy to force concessions from other countries.
China, Mexico and Canada together made up more than 40% of imports to the US last year.
It remains unclear whether Trump will follow his threats to Canada and Mexico after a 30-day period has increased.
This uncertainty arouses fears that could see how companies reduce their reliance on US markets, retaining on investing in the construction of new factories or employment of workers until the trade Stank becomes clearer.
