China Tariffs will impose from Monday to American agricultural products, in response to those introduced this week by the United States, and within the framework of a commercial conflict that continues to aggravate itself, with implications for global trade and for its bilateral relations.
On Tuesday, the Chinese authorities explained that China It would tax with 15% the American imports of chicken, wheat and corn, and with 10% to those of soybeans, pork, beef, aquatic products, fruits and dairy products.
Among the products taxed with 15% are also cotton, and among the taxes with 10%, vegetables and sorghum.
A belligerent tone
China He responded to the decision of the US president, Donald Trump, to double the additional tariffs of the Asian country from 20% since he returned to the White House, an action that, according to Beijing, ““Increases the burden on US companies and consumers and undermines the basis of economic and commercial cooperation“Of the two powers.
For its part, the head of the Chinese Ministry of Commerce, Wang Wentaoacknowledged “serious challenges”, But warned that”coercion and threats will not work” with China.
Chinese chancellor, Wang Yi, said these days that China will maintain “firm“In its opposition to”hegemonism“From the United States, while added that the world cannot return to”The Jungle Law”
Wang He questioned the American strategy and asked: “Has the commercial deficit expanded or reduced? Has inflation in your country increased or descended? Has the quality of life of his people improved?”
Meanwhile, the Chinese embassy in Washington went further and warned this week that the country is “Ready to fight until the end if the United States wishes a war, commercial or any other type”
Return with fentanyl
Trump He has justified tariffs against Chinese products with which, in his opinion, Beijing does not do enough to avoid the entry of fentanil in the United States, something that Chinese authorities consider “A pretext“, Since Chinese anti -drug policy”It is one of the strictest in the world”
Along these lines, the Chinese executive explained this week in a ‘white paper’ that China “It gives great importance to the control of fentanyl, and has strictly prevented the use, production and traffic of that substance and its precursors, achieving notable results”
Opportunities for other countries
Chinese tariffs will harm the agricultural sector of the American country, which has China As one of the main destinations of their exports, although they have declined up to 20% in the last two years.
The Global Times official local newspaper warned this week that “American agricultural products depend largely on international markets and are particularly vulnerable to changes in the world commercial environment ” and of the “Disability of the US market to quickly absorb surpluses of agricultural products”
Given this situation, the agricultural sector of countries such as Brazil could benefit. The Hongkonese newspaper South China Morning Post assured this week, citing sources from the Ministry of Agriculture of Brazil, that the Brazilian authorities are already “actively encouraging farmers to consider the expansion of production”Corn and Sorghum, harvest of which China absorbs 83% of the world supply, mainly from the United States.
However, this save of encumbrances from Beijing, which also added several US companies to their export control list and their list of unreliable entities, could have maintained some caution: “It has so far been avoided as objectives to American key conglomerates with a strong dependence on the Chinese market”, He explained to the South China Morning Post Lynn Song, economist of the ING Group.
In February, China had already imposed taxes between 10 and 15% to other American products, in addition to establishing controls to key mineral exports and opening an investigation against the technological giant Google.
In his first presidency (2017-2021), Trump has already imposed several rounds of tariffs worth about US $ 370,000 million annually, to which China responded with taxes to US exports.
Source: Gestion
Ricardo is a renowned author and journalist, known for his exceptional writing on top-news stories. He currently works as a writer at the 247 News Agency, where he is known for his ability to deliver breaking news and insightful analysis on the most pressing issues of the day.
