Unlock the White House watch news and communication for free
Your guide on the significance of the US election in Washington and the world in 2024
Beijing has reached a new blow to the new 10 % tariffs imposed by the United States on the United States. It is said that as the trade tensions between the two powers entered a new stage, it will “adopt necessary countermeasures to defend its rights and interests” Essence
The Ministry of Foreign Affairs said on Sunday that China opposes tariffs, which was introduced in the “excuses of fentanyl”.
MFA said: “The United States needs to view and solve its own fentanyl in an objective and rational way, instead of threatening other countries through any tariffs.”
The Ministry of Commerce of China stated that it would file a lawsuit with the World Trade Organization.
As President Trump began to expand a trade war, the additional 10 % tax and the new 25 % export tax rate at the same time received a 25 % tax rate. Previously measure.
Trump said that the influx of drugs of “illegal foreigners” and drugs including fentanyl caused “national emergencies, which proves that tariffs are reasonable.
During the campaign last year, he warned that tariffs on China were as high as 60 %, but then expressed a 10 % tax rate. He linked taxes with the country’s role in the flow of Fantini or the flow of “forehead”.
China agreed to take action at the summit between President Xi Jinping in San Francisco in November 2023 and then the then President Joe Biden. Since then, Beijing has adopted some actions welcomed by the Bayeon government, but critics, but critics, critics, but some of the upcoming government want China to do more things in China.
Although people are generally looking forward to, the weakness of domestic demand depends on exports that exports are particularly challenged by Xi Jinping’s government. Last year, China’s trade surplus set a record of nearly $ 100 million.
Tao Wang, chief of UBS Investment Bank, said that the speed of tariffs is faster than expected, and the tax rate of the blanket tax rate is more measured by the measures stipulated by the first government measures in the government. For width.
She said: “This is wider than the first round, and it may be much larger than the first round.” He added that once his officials completed the review of the trade policy in April, Trump will add more Tariffs.
Wang said that she expects China’s GDP to hit 0.3 % to 0.4 %.
In a report issued by Morning Star last week, 10 % of tariffs will affect China’s home appliances, furniture, lithium batteries and electric vehicles. However, it added that many companies “may see less than 5 % of their total income” and “may not be as bad as some industries.”
Beijing also faces a wave of trade tensions related to tariffs on electric vehicles last summer, which has led to a wave of strategies from Cognac Bailan to dairy products.
