Hong Kong
CNN
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Beijing announced a wide range of economic measures targeted in the United States on Tuesday, and was attacked after US President Donald Trump imposed a 10 % tariff on China.
The fresh obligations published by the Ministry of Finance in China collect 15 % of taxes on certain types of coal and liquefied natural gas, and 10 % of crude oil, agricultural machinery, large -scale diffusion vehicles, and pickup trucks. Masu. This measure will be valid on February 10.
The Ministry of Commerce and the Chinese Customs Bureau have immediately announced new export management with more than 20 metal products and related technologies. These include tungsten, an important mineral that is usually used in industrial and defense applications, and terrain that can be used to manufacture solar cells.
The ministry also added two American companies, Illumina, a biotechnology company owner of Calvin Klein and Tommy Hilfiger, and the Fashion Return PvH Group, to the unreliable entity list, and violates the normal market trading principle. I did. ”
The Ministry of Commerce Spokesman said on Tuesday that PVH had discriminated and disturbed the operation of a Chinese company, but he could not provide details.
PVH criticized the decision and said that it would cooperate with the Chinese authorities to solve the situation.
“We are surprised and we are deeply disappointed to know the decisions from the Ministry of Commerce,” said PvH Spokesman. “In the 20 -year business in China, PVH has been proudly provided to consumers, so PVH has maintained strict compliance with all relevant laws and regulations. And operate according to the practice.
In another statement, the state administration for China’s market regulation has begun a survey with Google on alleged violations of anti -giant violations. The company, where search engines cannot be used in China, has the minimum business in Japan.
The presentation of the presentation is that a wide range of 10 % tariffs on importing China to the United States announced by the White House on Saturday has come into effect.
China’s measures seem to have a different influence on US economies and companies. For example, China is a global global producer of tungsten concentrates, which account for more than 80 % of global production, according to the US government estimated from 2020, and the tariff items are relatively small in the overall two -country trade. It represents a percentage.
“The measures are quite modest compared to the US movements, and are clearly comparable to send messages to the United States (and domestic viewers) without causing too much damage.” Insight Firm Capital Economics said in a Tuesday survey notebook.
Chinese tariffs are targeted for about $ 2 billion annual imports from the United States. This is about 12 % in total, which is “far away” from more than $ 450 billion of the US targeted Chinese products.
Beijing blamed these tariffs on Sunday statements, complaining to the World Trade Organization (WTO), and vowed that by implementing “response measures”, he would “defend its rights.”
In a statement on Tuesday, the Ministry of Commerce in China confirmed that the Trump administration’s tariff measures had been brought to the WTO dispute resolution mechanism.
“US practices are seriously damaging the multilateral trade systems based on rules, disrupting the stability of global industrial chains and supply chains,” which does not seriously damage the multilateral trade system, the foundation of economic trade cooperation between China and the United States. ” Was described.
China’s measures have marked what will happen to the opening salvation of a new turbo war between Washington and Beijing, announced on the last day of the week of New Year’s holiday. However, they do not exclude the possibility of further dialogue and transactions on both sides.
The White House announced on Saturdays of 10 % of China’s imports on Saturday, as part of Mexico and Canada. Part of what the Trump administration said was a bidding to be responsible for illegal immigrants and Fentanyl flow. Other drugs to the United States.
Trump agreed to “immediately suspend” Mexico and Canada’s duties after calling a separate call with the leaders of these countries on Monday. Both leaders agreed to strengthen safety along the border.
Mr. Trump said on Monday that he could speak with Chinese leader Xi Jinping in the next 24 hours. Beijing has not yet confirmed the phone. A White House spokeswoman said that in the second half of Monday, a “call” could be generated in the next few days.
This potential exchange aims to set up their tones of their relationships, rather than Navigate, such as trade deficit, technology and military rivals, and Fentanyl trade.
U.S. law enforcement agencies believe that many China -based entrepreneurs supply precursor chemicals. We believe that it can be used to make Fentanyl completed by the Labs operated by the United States and Mexican drug cartels. Canada accounts for only 0.2 % of Fentanyl attacks across US borders.
Beijing advocates efforts to control the exports of precursor chemicals used in the production of Fentanil, and the latest tariffs will “eroded the basics of trust and cooperation in the field of drug management between China and the United States.” I mentioned.
The Shanghai stock index was still closed on Tuesday for the New Year’s holiday. However, the stock market in other places in Asia has been closed higher. Hong Kong’s hang -in index has risen 2.8 %. Japan’s Nikkei Index rose 0.7 %, and South Korea’s Cospi was 1.1 % higher. Both fell on Monday.
The US inventory futures were relatively flat.
The 10 % obligations are far more than 60 % of the tariffs threatening China during his campaign, and if both sides cannot reach transactions on a wider host, they can increase further. It is shown. The problem.
Trump conducted a campaign to win the economic competition with China, and on the first day of his inauguration, he ordered a U.S. economic relationship to April 1st. The result may form the foundation of the addition of Chinese goods. These can deal with large trade imbalances between the two countries, but Trump has particularly linked 10 % of tariffs in Fentanyl trade.
The US President said that it would be able to cooperate with the problem, such as reaching a trade contract and ending a war in Ukraine. He also paused the law that demands the ban on the social media app Tiktok if the Chinese parent company did not sell US business.
These issues are expected to take into account the expected lectures between the two countries within the next few to several months.
Beijing also shows the intention of avoiding the spiral trade war, as seen during the first term of Trump. At that time, the White House pounded on the import of hundreds of millions of US imports from China, but Beijing retaliated.
Since then, China has diversified economy and trade partners, but export -dependent economy has been working on slower growth and other issues.
This story was updated with additional information and context.
