Beijing China said on Tuesday that it “will fight to the end” and take counter measures against the United States to protect its interests after President Trump threatening and An additional tariff of 50 % On Chinese imports. The Ministry of Commerce said that the imposition of the United States is “the so -called” mutual definitions ” China “It was completely baseless and it is a single -sided practice.”
China, the second largest economy in the world, imposed a retaliatory tariff and the ministry hinted in its most recent statement that more is coming.
The ministry said: “The counter -measures taken by China aim to protect its sovereign interests, security and development, and to preserve the natural international trade. It is completely legitimate.” “The American threat to escalate the definitions of China is a mistake in addition to a mistake, and once again reveals the blackmail of the American China you will never accept this.
CBS News 24/7 answers your questions about the definitions in a special broadcast on Wednesday at 6 pm Each time. to download CBS News App On your phone or TV connected to watch it on the air.
The threat of Mr. Trump on Monday about the additional customs tariffs on China has sparked new concerns that his leadership to balance the global economy can increase the financially destroyed trade war. Stock markets From Tokyo to New York has become more stable as the war of tariffs shines and economists warned that Possibilities of global recession It rises quickly.
The threat of Mr. Trump came after China said it would be discussed against the American definitions he announced last week.
“If China does not withdraw a 34 % increase over its long -term commercial violations by tomorrow, April 8, 2025, the United States will impose an additional tariff on China by 50 %, as of April 9.”. “In addition, all conversations with China will be completed on its required meetings with us!”
If Mr. Trump implemented his new tariff on Chinese products, the American definitions of Chinese goods will reach 104 % combined. New taxes will be at the top of the 20 % definitions that have been announced as a penalty for trafficking in fentanel and declaring separate definitions by 34 % last week. This can not only increase the prices of American consumers, but also give China an incentive to flood other countries with cheaper commodities and search for deeper relationships with other commercial partners, especially the European Union.
The Chairman of the European Union Committee, Ursula von der Layen, called on China to negotiate with the European Union to reach solutions to the global challenges offered by the comprehensive American definitions.
During a phone call with Chinese Prime Minister Lee Qiang on Tuesday, von der Lin stressed, “The responsibility of Europe and China, as two of the largest markets in the world, to support a strong, free trade system, free, fair and founding in the field of play at a level,” according to a statement from its office.
The statement said that the leaders had discussed the creation of a mechanism to track any transfers of goods caused by American fees on trade, amid anxiety in Europe that China may try to convert cheap exports to the United States to the European Union market. These transfers can reach the so -called “dumping” in international trade, a practice that can saturate the market with low -priced goods at the expense of local producers and sellers.
In the streets of Beijing, people said they have found it difficult to track all ads, but they expressed their belief in the ability of their country to overcome the storm.
“Trump says something today and another tomorrow. However, he only wants benefits, so he can say what he wants,” said Wu Chi, 37, who works in the construction.
“I’m not really worried,” said Wu. “Our country is not afraid. Of course, I think the goal should reduce harm to ordinary people.”
Experts say China still has a set of options for a response in Washington, including suspending cooperation on fentanel, placing higher classes on agricultural products and following up on American trade in services in China, such as financial companies and law firm.
The value of the commodity trade in the United States with China reached an estimated 582 billion dollars in 2024, making it the best merchant in goods with the United States in the United States in the United States 2024 with China in the trade of goods and services between 263 billion dollars and 295 billion dollars.
https://assets1.cbsnewsstatic.com/hub/i/r/2025/02/04/6557d3ea-edb6-4829-9800-57307ad46c90/thumbnail/1200×630/fd07fe9dfe00ab0091189a47a627c0e1/2025-01-20t060028z-904665636-rc2hdcaf3voa-rtrmadp-3-usa-trump-foreign-policy.jpg?v=7613930c2bdb7d1bf55be910a9b022f2
Source link