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China vows to retaliate as necessary after Trump threatens tariffs

Chinese President Xi Jinping and US President Donald Trump.

And Kitwoodnicholas Kamm | AFP | Gety pictures

The Chinese Ministry of Commerce said on Friday He “strongly opposes” the American president Donald TrumpAnother threat to intensify customs tariffs on Chinese goods and pledged revenge, if necessary.

A spokesman for the Ministry of Commerce said in a statement translated by CNBC.

“We urge the American side not to repeat its own mistakes, and to return as soon as possible to the correct path to the solution properly through an equal dialogue.”

The statement followed Trump’s announcement on Thursday that the United States will An additional duty of 10 % on Chinese imports On March 4, which coincides with the beginning Annual parliamentary meetings in China.

The new customs duties will be at the top of the 10 % customs tariffs imposed by Trump in China on February 4.

Trump has announced the imposition of two of China’s duties in response to the role of the Asian state in the Fintanel trade. The addiction medicine, which is mostly produced in China and Mexico, has led tens of thousands of excessive deaths every year in the United States.

The risk of commercial escalation

“In the short term, China’s response will include raising the customs tariff to the imports of the United States chosen, adding more American companies to the list of unreliable entities, and possibly tightening export controls to critical minerals,” said Nile Thomas, a Chinese politician at the Asia Association, said via e -mail.

He pointed out that he is expected to remain in the “measured” revenge, as a Chinese president Xi Jinping He has an incentive to meet his American counterpart and start negotiations to avoid measures that put more pressure on slow economic growth.

China’s exports were a rare bright point in a slowdown economy. The United States is the largest commercial partner in China on the basis of one country.

Alfredo Montfafe Hilo, President of the China Center at the Conference Council, said that while Beijing may maintain a “restricted” position, the upcoming moves will target industries that are more important to Trump supporters.

He said China prefers to leave room for more negotiations because it hopes to avoid high import tariffs and other “corrective” measures by Washington.

After the first round of definitions earlier this month, Chinese reprisals included Raise duties on some US energy imports And putting two American companies on an unreliable entity list that could restrict their ability to do business in the Asian country.

China also increased controls for critical metal exports the United States needs.

“The shares of China in a quarantine are restricting access to critical minerals that cannot be easily obtained elsewhere,” said Stephen Olson, a visiting colleague at the Institute of Southeast Asia Studies and a former trade negotiator in the United States.

Tone

On the other hand, the ministry February 2 statement Washington urged the management of fentanel issues “objectively and anxiety” with warning definitions that may destroy economic and commercial relations in China and the United States.

The Chinese Ministry of Foreign Affairs also visited its accent in response to the tariffs on Friday. The spokesman for the spokesman, Lyn Jian, said in the Chinese comments reported by the government media and translated by CNBC, that the United States Law of “pressure, coercion and threat” with the customs tariff will only come in reverse.

Deborah Els, head of commercial policy at the Henrich Corporation, told CNBC that Trump’s announcement of the additional customs tariff “will push China to the assumption position that the deal may not be possible or may not be investigating in the short term.”

She added: “This leaves Beijing with two options: Either the measured responses continue in the hope of avoiding more escalation and perhaps even retracting the current measures; or going more more,” as “previous modest measures were not sufficient and the threat was not taken seriously.”

More customs tariffs

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2025-02-28 12:31:00

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