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China has imposed the USA retaliation duties that reached the goods worth around $ 14 billion and hope that a trade war between the two largest economies in the world could be avoided.
Beijing announced The tariffs Last week in response to a US decision to give Chinese products a further 10 percent, which US President Donald Trump described as a “opening salvo” in a new traditional offensive against China.
Compared to the flat -rate US tariffs, China’s measures – which the US exports of liquefied gas, coal, crude oil and agricultural equipment as well as some automotive goods with taxes of 10 to 15 percent – were considered to be regarded as a space for negotiations.
Until the Sunday period, there was no message from a deal and China’s embassy in Washington said that the tariffs came into force on Monday (11:01 a.m. on Sunday in Washington DC) at 12.01.01.
Beijing also announced one last week Cartel probe in Googlewhose search engine is blocked in China, and Illumina, a US biotechnology company. And it looked at the black list of the Holding Society of the US clothing Calvin Klein and Tommy Hilfiger.
China underlined his control over the supply chain of rarer earth by restricting exports to the United States from five critical metals that were used in defense industries, solar modules, electric vehicle batteries and other green energy products. China produces about 60 percent of the rare earths in the world and accounts for 90 percent of processing in the industry.
The financial markets had initially hoped that Trump could follow the same game book with China as in Canada and Mexico – against which he also announced tariffs, but then existed A month first air After last minute talks with their managers.
Trump had proposed to speak to the Chinese President Xi Jinping, but later said that he was in “no hurry” to do this.
Experts have suggested that Beijing may have raised objections Trump’s tacticsKnown the tariffs just two days before they come into force and before they contact Chinese officials for negotiation.
Trump has accused China together with Mexico and Canada not to contain the flow of the fatal opioid fenanyl in the USA.
He also instructed the US trade representative to examine the Chinese compliance with the first phase of the trade agreement, which he defeated in 2020 during his first term in the White House with China, after whom Beijing agreed to buy more American products.
The USTR should report the results of the probe on April 1st. At that time there could be another confrontation, analysts said.
Beijing took some measures Around the flow of ingredients for fentanyl – known as the forerunner chemicals – since a summit in San Francisco at the end of 2023, where the then US President Joe Biden and XI is known. But the Trump government accuses Beijing of subsidizing Chinese companies that make the forerunners.
The US China trade relationship has shaped the economies of both countries in recent decades.
However, China’s share of the entire US imports has dropped significantly since Trump introduced tariffs during his first term, which causes some analysts to possibly be Beijing This time better placed the president’s measures endure.
Frederic Neumann, Chief Asia Economist at HSBC, said that many Chinese companies would be able to carry a tariff of 10 percent to their goods, since the country’s export prices have decreased much more than that of competing producers in the past two years .
“If there was only a tariff of 10 percent in China and we left it, many investors would sleep more comfortably,” he added. “The great concern is, of course, that this is a prelude to possibly larger trading restrictions.”