China threatens countermeasures to combat Trump tariffs

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Beijing has left the US new 10 tariffs on Chinese exports, saying that “it is necessary to defend its rights and interests,” as the tension between the two powers enters a new stage.

On Sunday, the Ministry of Foreign Affairs stated that China opposes tariffs, which, as they mentioned, were presented “by the pretext of the fenthanill problem.”

“The United States must view and resolve its own fentinile problem by objective and rational, instead of threatening other countries voluntarily tariff campaigns,” the Foreign Ministry said.

The Chinese Ministry of Foreign Affairs has said it will file a lawsuit with the World Trade Organization.

An additional 10 percent leass come next to New 25% tariffs During exports from Canada and Mexico, when President Tramer begins the expanded trading war, following a number of measures imposed by China during its first term.

Trump said that the inflow of “illegal foreigners” and drugs, including the Fentanil of Perfume, created “National Emergency”, which justified the tariffs.

During the last year’s election campaign, he warned about tariffs than 60% against China, but later marked a 10% exchange rate. He connected Levier to the role of the Earth in the flow of components or “previous ones”, Fenthanl.

Shirt agreed to take action In November 2023, the flow of preferences at the summit in President of San Francisco in San Francisco. Since then, Beijing has taken some actions, but critics, including critics, wanted China to do much more.

Although it was widely predicted that the funds challenged the Xi Jinping government when the weaknesses of domestic demand depended on economic growth exports. Last year the surplus of China’s trade struck The post is high about $ 1 to $ 1tn.

UBS Investment Bank China Economist Thao Wang noted that tariffs are faster than expected, and which blanket was more spacious than the top of the top administration of Top.

“This is wider and is probable than the first round,” he said, adding that many expect more tariffs when his officials ended in April.

Wang said he expects a hit from 0.3 to 0.4 percent of China’s GDP.

In the report published last week, Morningstar noted that the 10% tariffs in China will affect household appliances, household furniture, lithium batteries and electric vehicles. But it added that many companies “likely to see 5% of their respective income” and that they “may not be as bad for some industry.

Beijing also causes tension with the EU due to tariffs set on its electric vehicles last summer, which led to the sales wave of goods for sale Brandy in dairy productsA number