US President Donald Trump and Chinese President Xi Jinping.
Beijing: China clashed with Washington in the world’s largest tariff war raised by US President Donald Trump. China has announced an additional tariff of 34 per cent on all US products, responding to the US in the same tone. This has caused panic in the white house.
China on Friday announced that it would impose an additional 34% tariff on all American goods from April 10. Let me tell you that a few days before this, Donald Trump had announced to impose mutual tariffs on many countries, in which he announced the highest 34 percent tariff on China. Now Beijing has imposed a tax of 34 percent on the US on 4 April. This will apply to products such as the US’s moderate and heavy rare soil elements, including Samrium, Gadolinium, Terbium, Dysprosium, Lutetium, Scandium and Yitrium. Along with this, China has also announced control of exports.
What did China say after imposing retaliation on America
After imposing a counter -tariff on the US on Friday, the Chinese Ministry of Commerce of the Chinese said in a statement, “The purpose of implementing export control on relevant goods according to the law is to provide better protection of national security and interests and fulfill international obligations like nuclear indiscriminate.
America took these steps before China’s counter tax
The US had implemented a huge tariff from India and other countries including India and other countries before China announced counter tax by China. In this, 34% import tax was announced on goods coming from China. At the same time, the European union had announced 20 per cent tax on imports, 25 per cent on South Korean products, 32 per cent on Taiwan products and 24 per cent on Japanese products. Apart from this, 25 percent tariff has been imposed on all foreign automobiles. Trump’s argument behind this was that we take steps to strengthen the trade and their economic status of all countries. He spends for other works including his army, but he imposes heavy tariffs on us. Now this will not work. Why do we do so much for someone. (Input-agency)
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