China said that it “firmly opposes” the new rates imposed by US President Donald Trump, and promised to take the corresponding “countermeasures to decide our rights and interests.”
“China is deeply dissatisfied and firmly opposes” tariffs, said Beijing’s Ministry of Foreign Trade in a statement, after President Trump announced on Saturday the imposition of 10 % tariffs above the existing taxes.
The Chinese ministry described US measures as “wrong practices” and said it would file a claim against Washington in the World Trade Organization (WTO), considering that the imposition of unilateral tariffs “seriously violates” the rules of this body.
“China expects the United States to observe and face their own problems, such as fentanyl, instead of threatening other countries with tariffs all the time”Added the Ministry of Foreign Trade.
Meanwhile, The Chinese Ministry of Foreign Affairs warned Sunday that in the commercial wars “there are no winners” and that new taxes on exchange “will inevitably affect and damage future bilateral cooperation and drug control.”
Japan is “deeply worried”
“We are deeply concerned about how these tariffs could affect the world economy”Japanese Minister of Finance, Katsunobu Kato, on the Fuji TV chain, said on Sunday. “Japan needs to analyze these policies and their effects, and take appropriate measures,” he added.
Trump announced that a 25 % tariff from Tuesday will apply exports to the United States of Canadian and Mexican products. In addition, an additional 10 % tariff will apply goods from China.
The announcement threatens to destabilize world supply chains in sectors such as energy, cars or food.
The Mexican president, Claudia Sheinbaum, said that her country will impose retaliation tariff ).
*With AFP information.
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