Politics
ASIA, BEIJING, BIDEN ADMINISTRATION, CHINA, CHINESE NATIONAL PEOPLE ' S CONGRESS, DONALD TRUMP, GEOPOLITICS, LU CHENJIAN, MEXICO, MINISTRY OF COMMERCE, NORTH AMERICA, STATE TAXATION COMMISSION, TARIFFS, TERRITORIAL DISPUTE, TRADE, TRUMP, UNITED STATES, US, US-CHINA RELATIONS, WASHINGTON, WORLD TRADE ORGANIZATION, WTO
Clara Montgomery
China Implements Retaliatory Tariffs in Response to U.S. Actions
China announced retaliatory tariffs on specific U.S. imports following an increase in U.S. tariffs. They will impose a 15% tariff on certain goods while a spokesperson criticized the U.S. for violating WTO rules. The ongoing trade conflict continues to evolve with calls for dialogue and resolution.
On Tuesday, China announced its intention to impose retaliatory tariffs on certain imports from the United States, following the recent increase in tariffs by President Donald Trump. Earlier, Trump had raised the additional tariffs on all Chinese goods from 10% to 20%, prompting China to respond decisively to the trade tensions.
The State Taxation Commission of China revealed a 15% tariff on products such as chicken, wheat, corn, and cotton, along with a 10% duty on sorghum, soybeans, pork, beef, seafood, fruits, vegetables, and dairy items. These measures signal Beijing’s commitment to countering U.S. tariffs in an escalating trade conflict.
Lu Chenjian, spokesperson for the Chinese National People’s Congress, criticized the United States for allegedly infringing upon World Trade Organization (WTO) rules. He emphasized that China opposes the politicization of trade issues under the guise of national security and advocates for resolving disputes through constructive dialogue.
In February, the U.S. President initially imposed a 10% tariff on Chinese goods whilst suggesting potential for a trade deal with China. In retaliation, Beijing had warned the U.S. about forthcoming countermeasures, with its Ministry of Commerce accusing Washington of exploiting issues related to fentanyl for imposing tariffs and requesting the withdrawal of what they describe as unreasonable unilateral measures.
In summary, China’s decision to impose retaliatory tariffs reflects its discontent with U.S. trade policies, particularly in light of recent tariff increases by President Trump. The situation underscores the complexity of U.S.-China trade relations and the ongoing tensions surrounding economic exchanges between the two nations. Both countries continue to engage in dialogue, highlighting the potential for resolution amidst rising trade hostilities.
Original Source: shafaq.com
Post Comment