
Containers are stacked at the Portsmouth Marine Terminal (PMT) in Portsmouth, Virginia, US, October 2, 2024. — Reuters
#China #warns #retaliation #Trumps #latest #tariff #measures
China on Friday pledged to implement “all necessary anti -measures” in response to US President Donald Trump’s announcement of an additional tariff on Chinese imports, which is set to begin on Tuesday.
The latest move, which is part of the growing trade dispute between the two major economies, blends 10 % tariffs imposed earlier this month.
On the same day, imports from Canada and Mexico will be implemented 25 % of the revenue rehabilitation, which will initially be suspended due to illegal immigration and phenomena smuggling concerns.
As a result, Asian markets launched losses on Friday, reflecting the growing anxiety about the potential widespread economic outcome by accelerating trade conflicts.
Trump announced that – then stopped – this month, 25 % of levies on Canada and Mexico’s imports, giving a sweep on illegal immigration and deadly fantasy, to face Canada’s low energy rate.
But the month ends on Tuesday.
Following the reporters’ questions whether it intends to move forward next week, Trump wrote on social media on Thursday that the issue of “the issue of” is not seriously limited “will be in accordance with the proposed Levies schedule.
“Similarly, China will receive an additional 10 percent additional tax on the same date,” he added, citing March 4.
In response to Trump’s allegations that Beijing is contributing to a fantasy crisis in the United States, a Chinese Ministry of Commerce spokesman said Friday that Washington was “accusing”.
“China is one of the countries that have the most striking and anti -drug policy,” the statement states.
“But the American party has always ignored these facts,” he said.
“If the US party insists on going its way, the Chinese party will take all necessary anti -measures to defend its legitimate rights and interests,” he said.
The statement also warned that tariff rise “(the United States) is not conducive to solving its problems”, adding that it will “increase the burden on American companies and consumers, and damage the stability of the global industrial chain”.
The Chinese leadership will seek the hammer of plans to save its economy from Trump’s threats next week.
Mexican President Claudia Shenbam said Thursday that he hopes to talk to Trump to avoid being hit by threatening rates.
A high -level Mexican delegation is looking for a deal in Washington.
And Canadian Prime Minister Justin Trudeau said officials were working 24 hours to stop US Levies, but if action was taken next week, they would have a “immediate” response.
Trudeau has repeatedly emphasized that less than 1 % of the fantasy and non -documentary immigrants entering the United States pass through the Canadian border.
Trump’s threats have sent a shower through major exporters.
Asian markets were good in red early Friday, Tokyo briefly shed 3 %.
To resolve differences through dialogue
In addition to Levies more than fantasy, Trump added on his truth social platform that the so -called bilateral tax history on April 2 will “remain in full force and influence.”
These will be made in accordance with every US business partner, in which Trump has demanded that government agencies study the study on trade issues.
In a letter from Chinese Trade Minister Wang Ventao, US trade representative Jameson Greer confirmed, Wang noted that Trump has called for a “China purpose” investigation and urged both sides to resolve their differences through dialogue.
Beijing has withdrawn against our fantasy concerns, saying that Washington will have to resolve the issue itself, rather than taking the goal with Levies.
Instead of directly supplied to the United States, a report by the Congress research service noted last year that Mexico has been made a US -affiliated fantasy using China’s chemical precursors.
Although some predecessors face international control, others can be legally made and exported from countries like China.
In early February, the Chinese Foreign Ministry had warned that the latest prices could damage the cooperation of countycotics.