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China will impose tariffs on imports and exports in the United States and open anti -Torais investigations to Google because it opposes the additional 10 % tariffs of Donald Trump.
China’s tariffs on LNG, coal, crude oil and agricultural equipment on the United States introduced 10 % to 15 % of tariffs, saying that they would take effect on February 10.
Beijing also stated that it will impose tariffs on certain automobile exports of the United States and announced other export control of rare metals.
These measures are because Trump’s new tax on China takes effect on Washington at midnight at midnight. The second round of trade war between the two countries that started during his first presidential term began.
It is expected that Trump will talk to Chinese President Xi Jinping in the next few days, and prompts people to hope that leaders can reach an agreement to avoid a comprehensive trade war.
A few hours before the measures were announced in Beijing, Trump described his additional tariffs on additional tariffs on China, which was the “open Salvo” in his re -trade attack on the world’s second largest economy.
Hong Kong’s Hang Seng Index rose 3.3 % on Tuesday. After retaliation in China, some revenue have achieved some benefits.
The offshore people also lost earlier benefits and weakened 0.1 % USD to 7.32 yuan.
The price of international oil benchmark Brent crude fell 0.7 % to $ 75.41 per barrel. In the intermediate level of Western in the United States, the US benchmark fell 1.8 % to $ 71.90 per barrel. Natural gas futures fell 2.3 % to $ 3.274, British and British heat units.
Trump announced the fees for Canada, Mexico and China on the weekend, making allies and investors feel disturbed. He accused this from flowing into the United States with the inflow of immigrants and fatal opioids Fentany and its predecessor.
However, after the last moment of talks held by Trump and Prime Minister Justin Trudeau and Mexican President Claudia Shenbom on Monday, the tariffs on Canada and Mexico were postponed for a month.
The Chinese Ministry of Finance stated that US tariffs violated the World Trade Organization Rules. The Ministry of Finance said: “It not only helps to solve its own problems, but also destroys normal economic and trade cooperation between China and the United States.”
It adds to the US coal and liquefied natural gas exports will face 15 % tariffs, while crude oil, agricultural machinery, cars and pickups will receive 10 % tariffs.
According to data from the US Energy Information Administration, China is the second largest coal buyer in the first three quarters of 2024, accounting for 10.9 % of the total coal exports, only behind India.
EIA data shows that US natural gas exports account for 2.9 % of the total number of natural gas exports.
The White House did not respond to the request for comment.
China ’s anti -Torais regulatory agency on Tuesday also announced a investigation of Google to violate the antitrust law.
Although search engines were blocked in China and the business of most parent companies Alphabet, US groups made profits from foreign advertisements. Chinese sound manufacturers also widely use its Android operating system.
Alphabet did not earn income from China, but the Asia -Pacific region accounted for 17 % of sales in 2023.
At the same time, the Ministry of Commerce of China stated that it was controlling tungsten export control and immediately took effect.
The Ministry of Commerce also placed the “unreliable entity list” of the American clothing manufacturer PVH Group (PVH Group) in China.
This move was after a survey of PVH in China, because the reason is that it is said to discriminate against cotton from Xinjiang, China, where Beijing has been accused of violating human rights violations including forced labor.
The ministry said it also added American Biotechnology Group Illumina to a list of “protecting national sovereignty, security and development benefits”.
Although there are some optimism of the agreement in the next few days to alleviate the tension of trade, economists are suspicious.
“Possibility [an] The consent of avoiding tariffs seems limited. Robin Ning, chief Chinese economist at Morgan Stanley. “The way to relegate. Essence Essence Keeping narrowness requires major compromises for both parties. “
Other reports of Washington DEMETRI SEVASTOPULO
