President Donald Trump threatened to impose an additional 50% tariff on Chinese imports, “it will fight until the end” and will leave against the United States to protect their own interests, said China Tuesday, 8, 8, 8, said.
The Chinese Ministry of Commerce said, “So” the “US imposition of” mutual tariffs are completely baseless and that it is a simple unilateral intimidation practice. “
The second largest economy in the world, China has declared revenge tariffs and in its last statement, the ministry has suggested that others come.
“China’s resistance aims to maintain their sovereignty, security and developmental interests, as well as maintaining the general sequence of international trade. They are completely legal,” the ministry said. “The US threat to raise tariffs on China is mistaken and will once again reveal the US’s black mailer.
Global Commercial War
Trump’s threat on Monday with additional tariffs on China raised new concerns that his attempt to balance the global economy would intensify the economically destructive trade war. Tokyo’s action markets for New York are even more unstable with the deterioration of the duty tariff.
Trump has been threatened after China’s claim that the American tariffs announced last week will be revenge. “If China does not remove its long -term commercial abuse of its long -term commercial abuse, the United States will impose an additional 50% rates on China from April 9,” Trump has written on Social. “In addition, negotiations with China in connection with the US sought meetings will be closed!” He said.
If Trump runs their new rates on Chinese products, they will reach a total of 104%. New taxes add 20% rates declared as punishment by Fentanil trafficking and 34% of the rates announced last week special 34%.
This will increase prices for US consumers, to fill other countries with cheap products and to gain deep relations with other business partners, especially the European Union.
Chinese concern
On the streets of Beijing, people said it was difficult to follow all the ads, but they expressed their belief in the ability of those who could face the storm. “Trump says one thing today and another tomorrow. Anyway, he wants the benefits, so he can say what he wants,” said 37 -year -old Wu Qi.
Others are less optimistic. Paul Wang, which sells stainless steel tools, including Necklace, Bracelets and studies for Europe, said that after the US’s additional 50% tariffs imposed by the US, the European market is more important and that he will be alert to what other companies will compete in the field.
Jesse Huang and Yang Izia, whose companies import US chemicals, forcing them to close their doors, including China retaliation. “It is very difficult and likely to resign, perhaps you can close,” said Huang. “If firing I could not find another job.”
China has the options that revenge
China has many other options for retaliatory Washington, with experts, stopping cooperation in dealing with Fentanil, imposing high quotas for agricultural products and torturing US services in China, such as finance and law in China.
The deficit with China in 2024 in goods and services trade was $ 295 billion from $ 263 billion. Foreign Ministry spokesman Lynn Jian was not of much importance to a conversation about the conversation with the Trump administration.
“I do not think that what the US has done reflects the willingness to a heartfelt conversation. If the US really wants to participate in the conversation, they should adopt an attitude of equality, mutual respect and mutual purpose,” Lin said.
In Hong Kong on Tuesday, executive chief John Lee criticized the latest US charges for “threatening”, “compassionate behavior” hurt the world and polygamy and brought great risks and uncertainties to the world.
Lee said that the city connects its economy to China’s development, signing more free trade agreements, attracting more foreign companies and capital to Hong Kong and supporting local bodies in dealing with tariffs.
