This was announced by the Ministry of Finance of the Asian giant. It will cover all American products, in response to the escalation implemented by the Republican government.
China announced this Friday that will increase from 84% to 125% duty About all imported products from the United States, in response to the new package of Rates approved by the White House.
In an official statement, the Chinese government accused Washington of having deliberately ignored the international economic order that helped build after World War II, imposing a battery of new tariff measures against Chinese imports.
“The United States has ignored the global economic order that helped build after World War II”points out the text, while denouncing that the recent decisions taken by the White House represent a direct threat to the fundamental interests of China. In an unusually forceful message, the Asian giant warns that Beijing’s patience has limits “and that, if Washington” insists on inflicting substantial damage “to his interests, China” will respond firmly and accompany him to the end. “
The reaction of the Chinese government arrives just 48 hours after increasing 34% to 84% Tariffs on American products, in retaliation for the increase prior to 50% imposed by the Trump administration of Chinese goods. Washington’s response was swift: tariffs rose even more, until reaching 125%, which, added to other previous measures, carries the total tax burden on Chinese imports to 145%, in what constitutes one of the most aggressive episodes in the recent history of international trade.
China’s justification
Despite the challenging tone, Beijing showed that the tariff war has largely eroded the American product market in China. According to the statement, the encumbrances have already made these assets lose all competitiveness, which returns “IRrelevant“Any additional attempt by the United States to continue raising tariffs.” It will be a mockery in the history of the world economy, “said the Chinese government, making it clear that the Washington economic maneuvering margin in front of Beijing has been significantly reduced.
Foreign Ministry spokesmanLin Jianreinforced that position at a press conference: “China does not want a commercial war, but it does not fear it“, he said, demanding that the United States” ceases to exercise pressures “if it really intends to resolve the conflict through dialogue. Lin emphasized that the countermeasures adopted by Beijing” not only protect our legitimate interests, but also safeguard the international order and the rights of all countries that are affected by American unilateralism. “
In parallel, China filed a formal demand before the World Trade Organization (WTO), in a new attempt to climb the dispute to the multilateral plane. According to the state press, the initiative seeks to denounce the illegal and discriminatory nature of The new US tariffsand aims to add support among other WTO members, especially those who have also been the target of unilateral commercial measures by the United States.
From Beijing they insist that any future negotiation must be carried out under “mutual equality and respect”, and warn that they will not allow asymmetric conditions or external impositions. In this context, the commercial dispute It has become a symbol of the struggle for global powerwith implications that go beyond commercial flows and that threaten to reconfigure the rules of world trade.
Source: Ambito
