Chinese authorities bring 34% additional tasks for all imports from the United States. Global Times. They will come into force on April 10th. Thus, Beijing responded to President Donald Trump’s actions -34%. The PRC’s Customs and Tariff Commission said that this step of the United States has violated international trade rules, damaging China’s legal rights and interests and is an example of one -way pressure.
United States “Tariff War” condemned And at the Chinese Ministry of Commerce, Trump calls Trump’s decision as “typical intimidation ve and calls for the US to“ honestly and equal dialogue with trade partners. The US President himself said that Beijing, who commented on the decision of the PRC on additional tasks, was “wrong”.
“China made a wrong move, panicked, that’s what he can’t meet!” – Social network wrote the president of the White House in Social.
Forbes NotesAfter Trump has brought 34% more tariffs for all Chinese imports,
The total fee for goods imported to the United States reached 54% (before that tariff was 20%).
At the same time, the new US tariff policy will affect almost all countries that supply their products to states. The basic ratio has been shown as 10%, mirror tasks have been introduced for several countries calculated on the basis of the analysis of the trade deficit in mutual materials.
For European Union countries, the size of new tasks is determined as 20%, for China -34%for India, 26%for India, 25%for South Korea -10%for England -10%, etc.
The highest tasks went to Lesoto and France Saint-Pierre and Michelon (50%), Cambodia (49%), Laos (48%), Madagascar (47%), Sri Lanka and Myanmar (44%). In total, on the list of 185 countries. Russia and Belarus do not include their products due to the fact that they are not supplied to the United States due to sanctions. At the same time, the White House is not included in the tariff list in Antarctica -free herd and McDonald Islands.
Trump searched for April 2, when the “Day of Independence” and the “Renaissance Day of the American industry”. After April 3, the dollar reacted to the biggest decline in new tariffs in three years, “Operation completed”, “the patient survived and healed” about the reaction of the economy commented.
EU thinks the answer
During the month, the USA hit the EU several times with an increase in tariffs: until the last global tasks for all European goods, 25% of industrial tasks on steel, aluminums and cars were introduced.
As reported Financial timesNew tariffs will affect the goods produced in the EU by € 350 billion. The EU estimated response is now estimated to be 26 billion €, but “Brussels still have to take response to other goods.”
Furthermore, there is no consensus on how to respond to Trump’s tariff policy in the Committee of Nations. For example, France, Italy and Ireland asked the United States not to include the Burbon (whiskey variety) response lists, otherwise Trump threatened 200% of the tasks on European alcohol.
Italian Foreign Minister Antonio Tayani said, “Introducing the sanctions against whiskeys means that we have provoked a reaction to the alcohol we export to the wines. And because we export more alcohol than imports, this will be a self -determination.”
In addition, motorcycle list (Moto Guzzi and Fear of Ducati), jewel, precious stones and 30 goods expressed the hope of exclusion.
In Germany, the automotive industry, which has no best time, will be damaged by new sanctions. For example, Volkswagen stopped supplying vehicles to the United States, reports Automotive News. Mexican transportation is blocked at the borders, European machines and ships are in the harbor. The company claims that it is a “temporary setting olmad until the situation is open. Most likely, materials will fit, but the prices of German cars in the United States will increase significantly.
The same applies to Adidas and Puma Sportswear: factories are mainly found in Vietnam, Indonesia and China, and Trump has increased tasks for these countries.
The list of new, reviewed response measures will be sent to EU countries on Monday, voting is planned for next week. Tariffs will come into force in the middle.
What are you thinking?
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.