He China Government announced the application of additional tariffs up to 15% to imports from the main American agricultural products. The measure arises in response to the increase in 10 to 20% of rates to Chinese articles which Donald Trump previously announced and that entered into force this Tuesday.
The measures of the Chinese government will enter into force next Monday, March 10. For its part, The Ministry of Commerce also warned that there will be reprisals announced from Washington.
China’s response to the increase in US tariffs
In detail, the Chinese Ministry of Finance He explained that he will impose tariffs of the 15% to the Chicken, wheat, corn and cotton. On the other hand, the increase for soy, sorghum, meat of pork and beef, fish and seafood, Fruits, vegetables and dairy products will be 10%.
The decision arises in response to Trump, who imposed a 25% tax on imports from Canada and Mexico and to double 20% Your tariffs on Chinese products.
For its part, from the Ministry of Commerce They sent an additional complaint to the World Trade Organization because “the unilateral tariff measures of the United States seriously violate the norms and undermine the basis of economic and commercial cooperation” between the two countries. Previously, the Chinese authorities had been shown “Very unsatisfied“With the measure of Trump management, and expressed their”firm opposition”To the tariffs, which finally entered into force on Tuesday.
“We hope that the US will see and manage problems objectively and rationally, and return to the right path to properly solve the differences through equal dialogue as soon as possible“they expressed leaders of the Asian giant.
Finally, the Ministerial portfolio of Commerce denied Trump’s accusations that China did not take the “appropriate measures” to address the flow of synthetic opioids. “China is one of the countries with the most strict drug control policies and the most complete implementation in the world,” They sentenced.
Tariff increases that Donald Trump imposed for Mexico, Canada and China enter into force
Finally and after the tense debate, the tariffs announced by the US president for Mexico and Canada. Next to Chinamake up a commercial consortium for the North American giant to which they will respond with reprisals. From the European Union (EU) warn concern about the “Economic stability“
“Those tariffs They threaten deeply integrated supply chains, investment flows and economic stability On both sides of the Atlantic, “said an EU spokesman, Olof Gill.
In detail, this Tuesday the days of Extension that the president of States United had granted before the increase in taxes for Mexican, Canadian products and also from China last year, the United States made almost almost U $ 2.2 billion in the trade of goods – exportations more imports – with the countries that the president is pointing: U $ 840,000 million with Mexico, US $ 762,000 million with Canada YU $ S582,000 million with China.
In this scenario, Trump declared an economic emergency to justify tariff will have 25%tariffs, While those of Canadian hydrocarbons will have a 10%tax. Chinese imports, which since February had additional tariffs of 10%, add another 10% more, something that raises fears for their impact on inflation. These tariff increases to China are added to those announced during the commercial war with the Asian giant initiated by Trump during their first mandate.
Source: Ambito
