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China hits back at Donald Trump with tariffs on US

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China will impose a tariff on a group of American imports and has opened an investigation to combat monopoly in Google as it runs out of the imposition of Donald Trump on an additional 10 percent tariff on its exports.

China The definitions that were unveiled between 10 and 15 percent have been identified on liquefied natural gas, coal, coal, raw oil and agricultural equipment, saying that it will get February 10.

Beijing also said Imposing a tariff on some car exports From the United States and announced additional export control elements on rare minerals.

These measures came at a time when Trump’s new fees entered China after midnight on Tuesday in Washington, as the second round of the trade war between the two countries that started during his first presidential term began.

Trump is expected to speak to Chinese President Xi Jinping in the coming days, pushing in the hope that the leaders will be able to throw a deal to avoid a full trade war.

Hours before Beijing revealed its measures, Trump described his imposition on an additional 10 percent tariff on China as “the opening Salafu” in his renewed attack against the second largest economy in the world.

Hang Kong Index in Hang, which rose up to 3.3 percent on Tuesday, Get rid of some of her gains After China took revenge for 2.3 percent.

Renminbi abroad lost previous gains and 0.1 percent weakening against the dollar to 7.32 yuan.

Brent raw prices, the international oil standard, decreased by 0.7 percent to $ 75.41 a barrel. West Texas, the American standard, decreased by 1.8 percent to $ 71.90 a barrel. Futures of natural gas decreased by 2.3 percent to $ 3.274 per British thermal unit.

Trump has disturbed allies and investors by announcing the weekend from the fees on Canada, Mexico and China, which he accused of not doing enough to reduce migration and the fatal Fntanil flow and its sects in the United States.

But the definitions against Canada and Mexico were Late month After the last minute talks on Monday between Trump, Canadian Prime Minister Justin Trudeau and Mexican President Claudia Shinbaum.

The Chinese Finance Ministry said that the American definitions violated the rules of the World Trade Organization. The Ministry of Finance said: “It is not only not useful in solving its own problems, but it also undermines natural economic and trade cooperation between China and the United States.”

He added that American coal exports and elderly carriers will face a 15 percent tariff, while crude oil, agricultural machines, cars and reception will get a 10 percent tariff.

China was the second largest US coal buyer in the first three quarters of 2024, which represents 10.9 percent of the total coal export and abandonment of India only, according to US Energy Information Management data.

US natural gas exports to China represent 2.9 percent of total natural gas exports from January to November 2024, according to environmental impact assessment numbers.

The White House did not respond to a request for comment.

China’s anti -monopoly organizer announced on Tuesday an investigation of Google due to suspected violations of the anti -pregnancy laws.

While the search engine is banned in China, along with most of the work of the parent company Alphabet, the United States Group is a Chinese companies that are declared abroad. Chinese audio makers also use its Android operating system.

Alphabet does not explode its revenues from China, but the Asia Pacific region contributed 17 percent of sales in 2023.

Meanwhile, the China Ministry of Commerce said it imposes export controls on Tungsten and more than twenty other rare metal products and technologies, immediately.

The Ministry of Commerce also put the PVH group, an American clothing maker with its commercial brands, Calvin Klein and Tommy Hilfiger, in the “unreliable entities list” in China, a black national security list.

The move was followed by an investigation by China in PVH for alleged discrimination against cotton from the Chinese western Shinjiang region, where Beijing is accused of human rights violations, including forced work.

The ministry said it was also adding the American biotechnology group ILUMINA to the “Sovereignty, Security and Development Interests” list.

While there was some optimism for an agreement in the coming days to alleviate commercial tensions, economists were doubtful.

“probability [an] “It seems that an agreement to avoid definitions is limited,” said Robin Xing, Chinese chief economist in Morgan Stanley. “Paths to cancel the escalation.. They remain tight and will require great concessions from both sides.”

Additional reports by Dimitri Sevastopolo in Washington

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2025-02-04 06:39:00

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