Triumph

Beijing – China announced on Friday that it will impose a 34% rate to imports of all US products from April 10. The new rate coincides with the US fee rate.

For Mr. Trump’s Tariffs called “Day of Liberation”the White House used a formula to calculate the sum of all commercial practices that it considers unfair to other nations, including the manipulation of currencies, rates and other barriers, to reach its decision on how strongly the rates of almost all other countries in the world. Economists have questioned the methodology and many Foreign governments have complained The taxes are unfair and misrepresent their commercial imbalances with the United States

The Ministry of Commerce in Beijing also said in a notice that it will impose more export controls in rare earths, which are materials used in high -tech products, such as computer chips and electric batteries of vehicles.

• This is what economists say about Trump’s rates

It was included in the list of minerals subject to controls was samarium and its compounds, which are used in aerospace manufacturing and the defense sector. Another element called gadolinium is used in magnetic resonance scans.

The Customs Administration of China said that it had suspended chicken imports of two US suppliers, Mountire Farms of Delaware and coastal processing. He said that Chinese customs had repeatedly detected Furazolidone, a prohibited drug in China, in shipments of those companies.

In addition, the Chinese government said that it has added 27 companies to lists of companies subject to commercial sanctions or export controls. Among them, 16 are subject to a prohibition of the export of “double use” goods. The Aerotechnologies of High Point, a defense technology company, and Universal Logistics Holding, a transport and logistics company that is publicly negotiated, were among those listed on the list.

Beijing also announced on Friday that he had filed a lawsuit before the World Trade Organization on Trump Administration Rates.

Later, on Friday, Trump criticized China’s decision to match his tariffs, saying in a publication on social networks: “China played badly, they panicked, the only thing they can’t afford to do!”

The presentation of the Trump administration of its mass package of rates this week has proven to be an intestine for global actions, with US markets record their worst day of losses Thursday from the Covid Pandemia hit. This bleeding of shares continued in the Asian and European markets on Friday when China announced its reprisal, becoming the first country to do so since Trump made his announcement at the White House on Wednesday.

China and other nations have expressed the hope that new trade agreements can be achieved with Washington, and emphasize that they will seek negotiations to which Trump has indicated an opening, but even nearby allies such as the United Kingdom, which was affected with the minimum 10% of the base rate rate on Wednesday, have also made clear that reprisal measures remain considered.

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