In China, President Donald Trump imposed 10 % of tariffs from Beijing, relapsed the world’s largest trade war, then hitting tariffs in the range of US products and publishing a survey of Google’s moment. I did.
According to a statement from the state administration for market regulations, China investigates US technical companies on suspicion of violating anti -trade. Beijing collided with 15 % of the export of US coal and liquefied natural gas, targeting oil and agricultural goods for 10 % commission.
The authorities also posted Calvin Klein’s owner Pvh Corp. and US Gene Sequencing Company Illumina Inc.
“The unilateral imposition of US tariffs has seriously violated the rules of the World Trade Organization,” said the Ministry of Finance in China in a statement to publish tariffs. “Not only is it useless to solve its own problems, but it also weakens normal economic cooperation and trade cooperation between China and the United States.”
President Xi Jinping seemed to be carefully targeted to avoid major hits in China, but Trump confused important mineral supply chains and major businesses on the mainland. He has shown the ability to damage in various aspects, such as damaging US companies.
The suppression has brought a relatively calm reaction in the market, combined with the speculation that XI might do more to strengthen the Chinese economy -especially in China before Trump became effective. I wanted to talk to the leader.
The dollar recovered after the news, but offshore extended its loss to 0.3 %, with Australian and New Zealand currencies, which have powerful trade links with China, slid almost 1 %. Other Asian currencies, such as Thai Baht and Indonesia Rupia, have stripped their profits.
“Measured, appropriate”
According to Dylan Law, a political professor at Nyan Technical University in Singapore, China’s reaction was “measured and appropriate.”
“It will make it possible to assume something that Beijing is considered in a way that is considered to be further retaliated, but to be considered as doing something,” he added. “I think Beijing has seen what Canada and Mexico did, and I think they know that they can still get some kind of understanding.”
The XI government recalled with retaliation shortly after our tariff was enforced. The action hoped that Beijing would reach the trading to avoid tariffs after Trump immediately spoke to XI. A few hours before the Republican Party, he gave Canada and Mexico to a 25 % tariff from the 25 % tariff following the leaders’ consultation.
The United States provided about 6 % of LNG imports in China last year, according to ship tracking data. China almost imports coal from the United States. Google’s search and Internet services for consumers are not available in China since 2010, but they maintain their businesses mainly in advertising businesses.
“This can be interpreted as a warning shot to US companies that are highly dependent in the Chinese market,” said Lin Song, the Chinese Chief Economist in ING Bank in Hong Kong. “I hope that the tariff will be released or pushed back after the face -to -face lecture.”
The song calls this step “a fairly muted retaliation” and points out that energy is a small share of China’s import from the United States.
China is the largest producer of tungsten and accounts for about 80 % of global production. Tungsten, known for its remarkable density and high melting point, functions as a buffer for a strong temperature and is most commonly used in the armored missile of the defense industry.
PVH is also the parent of Tommy Hilfiger and has been undergoing Chinese regulations since September, which is said to have boycotted cotton from the new Jiang area. Illumina is a major global provider of genetic sequence and a rival to BGI Genomics Co. in China.
Weekend Trump ordered a comprehensive collection of Chinese exports after midnight in the United States, and he called Beijing’s failure because he could not prevent illegal drugs. The order included a reward clause that increases tariffs when the government responds in actual products.
The more aggressive reaction from Beijing is dangerous in the stable scaffolding of the United States and China since Xi and the US leader Joe Biden sitting in San Francisco. Yes.
The two countries have resumed high -level exchanges, despite the continuing tensions for high -tech access and territorial disputes. XI and Trump talked on the phone before taking over trade, Tactoku, and Fentanyl.
Mr. Trump said on Monday that two leaders again said, “perhaps the next 24 hours.”
(Except for the headlines, this story is not edited by the NDTV staff and is published from Shinjikate Feed.)
