Trade tension between the US and China has increased considerably, China has implemented counter-tariffs on US imports in response to 10% tariff on Chinese goods by President Donald Trump. The move has ruled the trade war between the two largest economies in the world, in which the Finance Ministry of China said that Americans violate the rules of the World Trade Organization.
China said that Beijing could “be forced to take counters’ and emphasized that” there is no winner in the business war “.
The United Nations Ambassador Fu Kang said, “We are strongly opposed to this unfair growth and we believe that it is a violation of the rules of the WTO (World Trade Organization).”
China’s vengeance includes 15% tariffs on American coal and liquefied natural gas exports, as well as 10% tariffs on crude oil, agricultural machinery and large-immunity cars. These tariffs are ready to be effective on 10 February. In addition, China has imposed export control over rare metals such as Tungsten, Telum, Ruthanium, Molibdenum and Ruthanium, citing national security interests.
In a surprising step, China has also initiated an no -confidence investigation in Google alleging monopoly practices. The investigation is seen as a strategic response to the American tariff, stating that Google is suspected of violating the country’s anti -monopoly law for market regulation with the Chinese state administration.
The US tariff, which came into force on Tuesday, is part of Mr. Trump’s efforts, which pressurize China to prevent illegal drug flow. However, China’s sharp vengeance has expressed concern about the possible consequences of this trade war. The details of Shri Trump about Tariff as “opening salvo” in their business against China have only added stress.
The White House said, “President Trump Mexico, Canada and China are blaming their promises to prevent illegal immigration and toxic fentas and other drugs from flowing into our country,” said the White House.
“On this issue, the US should contact more on this issue from its own perspective. For example, instead of moving the defect on others, look at the demand side of Phantenyl. I don’t think it is good for America itself. Will be, “Mr. Fu Kang replied.
Despite increasing stresses, a resolution is still expected. Mr. Trump is expected to talk with Chinese President Xi Jinping in the coming days, and analysts believe that the two leaders may be able to interact on a mutually beneficial agreement, can reduce trade stress Are and can further stop economic disruption.
The impact of this trade war will be far -reaching, facing possible economic losses in both countries. China’s tariffs on American imports will affect American businesses and consumers, while Chinese goods may lead to high prices and low demand from American tariffs.
