China reacted to the fresh duties announced by the president of the United States Donald Trump. As it was said, the “strong” opposition to the substance expressed there Ministry of Commerce.
Therefore, the authorities in Beijing called for the "immediate" withdrawal of that decision, while informing against the imposition of retaliation measures.
The Ministry stressed that fresh duties would not solve problems USA, and only harm their interests, global economical improvement or stableness in the supply chain.
Donald Trump has imposed fresh duties. Beijing appeals to Washington
Beijing called it Washington to "solve disputes through equal dialog with trading partners". According to the Ministry of Trade, ‘the trade war No winners"and protectionism has no future."
SEE: Trump announced common duties. "Economic independency Declaration"
Including another tariffs which have been implemented by Donald Trump, a full of 5 April of the work on China will increase to 54 percent. During the election run Trump said it would be 60%.
‘So-called common customs tariffs, which is based on subjective and unilateral assessments by the US side, are incompatible with global trade rules, seriously undermine the legitimate rights and interests of the parties concerned; and are a typical practice of unilateral intimidation“The Ministry of Commerce assessed it.
Authorities Beijing did not specify what steps they would take in consequence to Washington's Wednesday decision.
The U.S. warns against retaliation. "This will lead to escalation"
To the retaliatory possibilities of countries to which USA imposed duties, referred to US Minister for Finance. He warned that specified actions could lead to full-scale Trade wars. In addition, he argued that the rates calculated are powerfully justified in the data, contrary to the claims of experts.
SEE: The European Union is responding to Donald Trump's movement. "We're finishing the answer"
– 1 of the messages I'd like to make tonight is that everyone sit down comfortably, take a deep breath, and don't answer right away. We'll see what comes of it, and if you answer, that's how it's going to escalate, and then it's going to become full-fledged. Trade War – said Bessent in an interview with CNN.
He suggested, at the same time that in the case of retaliation, imposedcustoms duties can be increased even more. However, he could not give a concrete answer to whether Trump may agree to a simplification customs duties through negotiations with national leaders. He stated that further steps depend on what American president will hear from the heads of companies about their plans to decision production to United States.
The head of the finance department besides acknowledged that as a consequence of the duties the prices of products in USA, but he suggested that this would not be felt strongly, due to the fact that part of the increases would be accepted by the sellers, and any would be offset by the strengthening of the dollar rate.
US customs rates. Minister responds to criticism
Minister Bessent he besides responded to criticism calculated by White House country-specific work rates. By Word Trump they were to correspond to half of the combined tariffs and another trade barriers applied by another countries to USA.
He argued that these figures were based primarily on the authorities concerned. U.S. Trade typical (USR). He added that if they were questioned in court, the administration would be able to defend them.
SEE: Rebellion in Republican ranks after Trump's decision. Resolution adopted
In an earlier Fox News interview Bessent he besides answered the question of why the list of customs countries did not include Russia and Belarus.
The Minister stated that USA "they do not trade" with these countries due to the fact that they are subject to sanctions. In fact, although imports of Russian goods to USA The value of imported goods decreased dramatically due to sanctions and embargo on Russian natural materials, in 2024 the value of imported goods amounted to $3 billion.
In the meantime, another sanctioned states specified as Iranand even overseas territories France, Australia is New Zealand, including uninhabited Australian Heard Islands and McDonald, or little than 3,000 Norwegian residents Svalbard.
wb / Polsatnews/pap
