China announced on Friday that it will impose a 34 percent rate on imports of all American products from April 10, part of a large number of retaliation measures after the « Liberation Day » of United States President Donald Trump, two-digit rates.
The new rate coincides with the rate of the « reciprocal » rate of the United States of 34 percent of the Chinese exports Trump ordered this week. The Ministry of Commerce in Beijing also said in a notice that will impose more export controls In rare landswhich are materials used in high -tech products such as computer chips and electric vehicle batteries.
Samari and his compounds were used in the list of minerals subject to controls and their compounds, which are used in aerospace manufacturing and the defense sector. Another item called Gadolinium is used in RM explorations.
In addition, the Chinese government said it has added 27 companies to lists of companies subject to commercial sanctions or export controls. Among them, 16 are subject to the ban on the export of « dual use » goods. There were Aerotechnologies High Point, a defense technology company and a universal logistics company, a publicly commercialized transport and logistics company.
Beijing also announced that he filed a lawsuit to the World Trade Organization on the rate issue.
« The United States imposition of the so -called » reciprocal rates « severely violates the rules of the WTO, severely damages the legitimate rights and interests of members of the WTO and seriously damages the rule -based multilateral negotiation system and international economic and commercial order, » said the Ministry of Commerce.
« It is a typical unilateral bullying practice that jeopardizes the stability of the world economic and commercial order. China is firmly opposed to this, » he said.
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Chinese rates on U.S. coal, natural gas
In February, China announced a 15 percent rate about coal imports and liquefied natural gas products from the United States. He added a 10 percent rate separately on raw, agricultural machinery and cars for great reasons. The last rates are applied to all the products prepared in the United States, according to a statement by the Rates Commission of the State Council of the Ministry of Finance.
The latest Trump tariff ascents on North -American imports are countries and compelling industries to search for their feet and increase the fears of a global recession.
« Recent ads will have substantial implications for the world perspectives on trade and economic growth, » the World Trade Organization said on Thursday. « Although the situation is evolving rapidly, our initial estimates suggest that these measures, along with those introduced from the beginning of the year, could lead to a global contraction of about one hundred in the world volumes of goods trade this year, which represent a downward review of almost four percentage points of previous projections. »
Although China was affected by important rates, it is an open question if other Asian countries could take advantage of the situation in trade with the Washington of the United States, it reached India, Bangladesh, Cambodia, Malaysia and Vietnam with rates of 27 %.
Days before Trump’s announcement, China, Japan and South Korea maintained their first dialogue together in five years.
At the meeting, the commercial ministers of the countries agreed to accelerate talks on a free trade agreement in South Japanese-China to promote « regional and global trade », according to a statement published after the meeting.
Clock | A deeper look of Trump’s last rates:
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