China Retals USA with a 125% rate and asks the European Championships to join Beijing against Trump’s intimidation

The Chinese authorities have constantly used strong words to describe the opposition to the new rates of Donald Trump, which have increased astronomically in the last few days.

China has increased the rates on American products at 125%.

This is another point in the climbing on the commercial war with the United States after the announcement of the global rates made by Donald Trump last week.

According to the new rules announced by the President of the United States, the Chinese government has to face a 145% rate of some of the products imported into the United States.

President Xi Jinping asked the European Union to join Beijing in opposition to the “intimidation” of the United States.

He also said that “there are no winners in a tariff war”.

Despite this, Trump claims that he still expects to conclude an agreement with Beijing.

According to him, it is possible to reach “an excellent deal for both countries”.

As these facts take place, gold has achieved a historical maximum: a sign that investors migrate to the safest refuge.

Previously, Trump has announced a 90 -day “pause” in the application of extra tariffs to countries that have not considered their new commercial policy.

The break means that a “10%” universal rate will be applied to all countries except China, said the press secretary of the White House Karoline Leavitt.

So far, Russia has not been increased even by the US rates. The country is already under serious economic penalties, but still maintains a lower scale trade with the Americans.

Brazil, taxed by 10% from Trump and who has not announced retaliation, is as it is.

How the China-It-It relationship broke

The Chinese authorities have constantly used strong words to describe the opposition to the new rates of Donald Trump, which have increased astronomically in the last few days.

When the President of the United States announced its global global tax system for the first time, the rate of China was 34% – a high rate, but far from representing the country most affected by the measures.

Beijing reacted with a rate of 34% on American products, which started a retaliation war.

The United States responded and increased the rates to 104%.

So China has increased 84%.

The United States have reacted – and for now, the current American rates on some Chinese products are already 145%, with the total rate still maintained by 125%.

This percentage of 145% for some products is due to a pre -existing rate imposed on Fenanil companies, a drug that causes health and safety problems in American lands.

The last increase announced by China was accompanied by the comments of the country’s Ministry of Finance, which described the actions of the White House as “commercial tyranny” in state media.

Beijing “is firmly against and will never accept these hegemonic and intimidating practices,” Lin Jian, spokesman for the Chinese Foreign Ministry, told journalists.

The Chinese Ministry of Commerce had already labeled the additional rate of the United States as “one error after the other” and said it will never accept the “blackmail” of these measures.

In turn, the President of the United States accused China of lack of respect and explore the United States “.

After announcing a new 125% rate on US imports on Friday (11/04), the Beijing government assured that it will not respond to new US tariffs.

According to the declaration, the “abnormally high rates” imposed by the United States “seriously violate the rules of international trade, the basic economic laws and common sense and are a form of intimidation and fully unilateral coercion”.

The EU will discuss the answer if the negotiations with the United States fail

The European Union will discuss an answer if tariff negotiations with the United States does not reach an acceptable solution, said German finance minister Joerg Kukies.

“At the moment, we are in a good situation, with a very long period of time in which there is the potential to negotiate. And, of course, the United States must be aware of the fact that if the negotiations do not work, we will have another discussion on response mechanisms,” said Kukies before an informal meeting of EU ministers in Warsaw in Poland.

He adds that the EU should be careful in its response to American rates, since the block has a commercial surplus in goods, but a commercial service deficit.

Kukies has detailed that Europe should cultivate its digital sector, since it currently does not have real alternatives to the services offered by US digital services providers.

Source: Terra

Rose

Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.