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Beijing clashes with the US exports to the US 10 % of 10 % of tariffs imposed by the United States, and when trade tension between the two authorities enters a new stage, he will “take measures necessary to protect rights and profits.” Ta.
The Ministry of Foreign Affairs stated on Sunday that China opposed tariffs, but said it was “under the excuse of the Fentanyl issue.”
“The United States needs to look at its own Fentanyl issues in an objective and reasonable way, rather than threaten other countries by raising the Arbitrary tariff,” said MFA.
The Ministry of Commerce said that it would file a lawsuit to a World Trade Organization.
President Trump has started a new 25 % tariff on exports from Canada and Mexico, as President Trump has begun the expanded trade war in accordance with various measures imposed by China during his first term. Tax is charged.
Trump stated that the inflow of drugs, “illegal aliens,” and drugs, including Opeite Fentanyl, has created a “state emergency” that justifies tariffs.
During last year’s election campaign, he warned China about 60 % of tariffs on China, but later showed a 10 % percentage. He has linked to the role of the national component or the role of the country in the “precursor” flow.
China agreed to take action to stop the precursor flow at a summit between President Joe Biden, which was held in San Francisco in November 2023. Since then, Beijing has been welcomed by the Biden administration, but he wanted to do more to China, including some critics, critics, and retired administration.
Although it was widely expected, this measure has a major issue to the Xi Jinping government when the weaknesses of domestic demand are particularly dependent on exports for economic growth. Last year, Chinese trade surplus reached a record high of nearly $ 10.
TAO WANG, Chief Economist in Ubs Investment Bank, said tariffs were imposed faster than expected, and the 10 % blanket rates were wider than Trump’s first step measures.
“This is wider than the first round, and perhaps much larger,” she said, and many people add more tariffs after the staff completed a trade policy review in April. I added that I was expecting it.
The king said that Chinese GDP expects a 0.3-0.4 % hit.
In a report released last week, Morning Star said that 10 % of tariffs would affect Chinese home appliances, furniture, lithium batteries, and electric vehicles. However, many companies added, “It is highly likely to see less than 5 % of each total revenue.”
Beijing also faced the trade tension with the EU for tariffs imposed on electric vehicles last summer, causing measures against products from cognac to dairy products.
