The commercial war initiated by Donald Trump has not come to an end with the Agreement reached with Mexico and Canada To paralyze, at least for the moment, their fiancious tariffs. The Republican president has another open front: Chinawhich on Tuesday has announced that it will impose 10 to 15% tariffs to certain products from the United States as of February 10.
A decision that arrives after the additional taxes of 10% Taxes by the US president to Chinese products. Also, Beijing has also announced New key mineral exports controls And he has launched a antitrust research against the American technological giant Googleaccording to the state agency Xinhua, cited by EFE.
Specifically, according to a statement from the Customs Commission of the Chinese Executive, China will apply a tariff of the 15% to liquefied coal and natural gas productsas well as one of 10% to those of crude oil, agricultural machinery, cars of great displacement and trucks. “In the case of imported goods that are originally from the United States, the corresponding tariffs will be applied on the basis of current tariff rates,” he adds.
The tariffs, which Trump justifies for the entry of fentanil in the North American country, “Seriously violate the rules of the World Trade Organization (WTO), “says China’s note, which already announced that it would lead the measure to this organization, and” do not address the problems of the United States but also undermine economic and commercial cooperation between China and States Joined”.
Research against Google
In turn, the State Mercado Regulation Administration of China has announced in another statement that it has initiated a formal investigation into the American technological giant Google for alleged violation of antitrust law From China, without offering more details.
Finally, the Commerce portfolio has announced export controls of articles related to the tungsten, the tellurium, the bismuth, the molybdenum and the Indian. The Ministry indicates in a statement that makes the decision “in accordance with the law”, in order to “safeguard national security and interests” and to “comply with international obligations such as non -proliferation.”
The portfolio adds that he added two US companies, PVH Group and Illumina Incto the list of Non -reliable entities For “violating market principles, interrupting normal transactions with Chinese companies, adopting discriminatory measures against Chinese companies and seriously damaging the legitimate rights and interests of Chinese companies.”
New chapter of the commercial war
On the eve, Trump agreed to delay tariffs for imports from Canada and Mexicobut 10% rates to Chinese imports have already entered into force. The American leader said he would speak with Chinese managers in the next few days and that it was possible that there was a pause.
Beijing, in turn, had promised Sunday retaliation To “sign your rights and interests firmly”, in addition to presenting a demand before the WTO for the American “illegal practices”. In his first mandate, Trump has already maintained a tense relationship with the Asian giant and imposed several batches of rates worth about 370,000 million dollars annually, to which China responded with taxes to US exports.
The commercial war undertaken by Trump has been baptized by ‘The Wall Street Journal’ as The “silly in history”. In addition to the tariffs to China, Mexico and Canada, who already responded with 25% rates to the products of the neighboring country, the Republican president has assured that he plans to do the same with the European Unionalthough it has not yet clarified when or in what terms.
The community block, however, is prepared to answer “firmly” If the US ends up applying tariffs to European products. The president of the European Commission, Ursula von der Leyen, as advanced this Monday after a meeting of community leaders in Brussels, who are aligned in this regard.
French president, Emmanuel Macronhe believes that Europe “has to react and be respected” if it is attacked commercially and the German chancellor, Olaf ScholzHe indicated that attacks in customs politics should be answered with customs policies. Also the Spanish Economy Minister, Carlos bodymanifested on Monday that the union “must respond as a single agent” to Trump’s tariff threat to reinforce its negotiating position.
The success Trump may have in this war, in any case, is doubtful. For experts, They will end “losing everyone”. “It won’t get it if other countries respond in the same way. You can only win if threats stay in threats and nobody responds,” said Massimo Cermelli, economics professor. The president himself has already admitted that his tariff crusade can cause “pain” in the short term To Americans, but for now it seems not to matter.
Source: Lasexta
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