CNN
–
Beijing announced Tuesday tariffs to some US imports, including crude oil, agricultural machinery and liquefied natural gas, in retaliation for the imposition by the Trump administration of 10% tariffs to Chinese imports in the United States.
The new tariffs, announced by the China Ministry of Finance, impose a 15% tax on certain types of liquefied coal and gas and a 10% tariff on raw oil, agricultural machinery, large -displayed cars and Trucks The measures will enter into force on February 10.
The Ministry of Commerce and Customs Administration of China also announced new export controls that will immediate as well as the Telurio, which can be used to make solar cells. China is the main producer of Tungsten concentrates, which represent more than 80% of world production, according to US government estimates.
The Ministry also said that he was adding two US companies – the Illumina biotechnology company and the fashion retailer PVH Group, owner of Calvin Klein and Tommy Hilfiger – to their list of non -reliable entities, saying that “they violated the normal principles of trade of the trade of market”.
In a separate statement, the State Mercado Regulation Administration of the China said that it was initiating an investigation into Google for alleged violation of its antimonopoly law. The company, whose search engine is not available in China, has minimal operations in the country.
The advertisement series occurs while entering a large 10% tariff on Chinese imports to the United States announced by the White House on Saturday.
Beijing had criticized those tariffs in a statement on Sunday and promised to “resolutely defend their rights” by presenting a complaint before the World Trade Organization (WTO) and taking “corresponding countermeasures.”
In a Tuesday statement, the China Ministry of Commerce confirmed that it had brought the Trump administration tariff measures to the WTO dispute solution mechanism.
“American practice seriously undermines the multilateral trade system based on standards, undermines the basis of economic and commercial cooperation between China and the United States and disturbs the stability of the global industrial chain and supply,” said the ministry.
Chinese measures, announced on the last day of China New Year’s holidays, which last a week, mark what could be the beginning of a new commercial war between Washington and Beijing. However, they do not rule out the possibility of a greater dialogue or agreements between the two parties.
The White House had announced on Saturday 10% tariff illegal immigration and fentanyl flow and other drugs to the United States.
Trump agreed to “pause immediately” the tariffs to Mexico and Canada after maintaining separate telephone conversations with the leaders of those countries on Monday, a day before the tariffs to the products of the three countries came into force. Both leaders had agreed to strengthen security at their borders.
Trump said Monday that he hoped to speak with Chinese leader Xi Jinping in the next 24 hours. Beijing has not confirmed any call.
This possible exchange occurs at a time when Beijing and Washington seek to mark the tone of their relationship and address a series of thorny issues, including a huge commercial deficit, a technological and military rivalry and fentanyl trade.
US authorities believe that several headquarters in China supply precursor chemical substances that can be used to manufacture Fentanyl finished in laboratories operated by drug cartels in the United States and Mexico. Canada represents only 0.2% of fentanyl seizures on the American border.
Beijing has defended its efforts to control exports of The chemical precursors used to produce fentanil and said that the last tariffs “would erode the foundations of trust and cooperation in the field of drug control between China and the United States.”
However, 10% tariffs are far from tariff broader series of issues.
Trump campaigned with the idea of winning an economic competition against China and, on his first day in office, he ordered a review of the economic relationship between the United States and China, which must be held on April 1. The results could form the basis for additional tariffs on Chinese products. These tariffs could address the huge commercial imbalance between the two countries, while Trump has specifically linked 10% tariffs to fentanyl trade.
The president of the United States also said that countries can reach a commercial agreement and work together on issues such as ending war in Ukraine. He also suspended the application of a law that requires the prohibition of the application of Tiktok social networks if his Chinese parent company does not get rid of his business in the United States.
These issues are expected to be a factor in the planned conversations between the two countries in the coming weeks and months.
Beijing also pointed out his intention to avoid a commercial war spiral like the one that occurred during Trump’s first mandate. At that time, the White House imposed tariffs to hundreds of billions of American imports from China, while Beijing took reprisals.
Since then, China diversified its economy and commercial partners, but its economy dependent on exports faces a slowdown in growth and other challenges.
This story has been updated with additional information and context.
Hassan Tayir and Joyce Jiang of CNN contributed to this report.
(Tagstotranslate) China
Source link
