OPEN LETTER/ Come to the dialogue and listen to me speak, otherwise I will cut off your scholarships, you will rot in prison. Please!

 Kliko këtu për të tjera
Voxpress:

China, revenge against Trump, here's how much it is charging the US

2025-04-05 10:15:04Kosova&Bota SHKRUAR NGA REDAKSIA VOX
China, revenge against Trump, here's how much it is charging the US
Donald Trump and Xi Jinping

China took strong measures against the United States in retaliation for tariffs announced by President Donald Trump, which generated a new day of losses in world stock markets.

Beijing announced this Friday the imposition of 34% tariffs on the import of all American products.

A spokesperson for the Chinese Ministry of Commerce reported that the Asian giant also filed a complaint with the World Trade Organization (WTO).

The tariffs imposed by the US "seriously violate WTO rules, harm the legitimate rights and interests of WTO members, and undermine the multilateral trading system based on those rules, as well as the international economic and trade order," the spokesman said.

The Chinese government also said it would limit its exports of rare earth minerals, further deepening the trade war.

The Ministry of Finance announced that the new tariffs will come into effect from April 10.

In his first response to these retaliatory measures, Trump accused the Chinese government:

"China was wrong: they panicked," Trump wrote on social media. He added: "That's the one thing they can't afford."

On Wednesday, the US president announced a 34% tariff on Chinese goods, adding to the 20% that had been in place since the beginning of the year, bringing the total tariff to 54%. This makes China one of the hardest hit countries on the US tariff list.

"It is a typical unilateral bullying practice that endangers the stability of the global economic and trade order. China firmly opposes this," the Ministry of Commerce spokesman added.

The market response was clear on Thursday: European and American stock markets plummeted. The three major US stock indexes fell more than 5% and trillions of dollars were lost in two days.

This Thursday and Friday have been the two worst consecutive days on the US stock market since the pandemic in 2020.

"Only the weak will fall," Trump wrote shortly before Wall Street closed.

In another move aimed at hitting U.S. agriculture, China immediately suspended imports of sorghum from its grain export subsidiary C&D (USA) Inc., as well as poultry products and chemical fertilizers from three U.S. companies.

In addition, Beijing will control the export to the US of medium and heavy rare earth minerals, including samarium, gadolinium, terbium, dysprosium, lutetium, scandium and yttrium, which are products that have applications in new technologies.

It also added 16 US entities to its export control list and prohibits them from sending dual-use products: goods, software and technology that can have both civilian and military uses.

 


Në përputhje me standarded JTI

Video

SHIKO KANALIN NE YOUTUBE
×