Donald Trump, US President.
Beijing: China on Friday retaliated on the US and imposed an additional 34 percent duty on all the products imported from there. This has also caused panic in America. The first statement of US President Donald Trump has come out on this. Trump has called it a panic of China. Explain that China has taken this step in response to President Donald Trump’s decision to impose 34 percent duty in the US on import of Chinese products. Along with this, China has also announced export control over some rare metals.
China aims to harm American defense, computer and smartphone industries. According to China’s official news agency Xinhua, the Customs Commission of the State Council said on Friday that the newly declared fees would be applicable from April 10. According to Xinhua, the Commission said that America’s move does not follow the international trade rules and unilaterally reflects the specific act of bullying. Criticizing China’s move, the US President said in a post on social media, “China took wrong steps, they got nervous. This is something that he cannot tolerate.”
Trump said-our policies will not change
He said on his decision, “My policies will never change. It is a good time to become rich.” According to the report, China has also filed a complaint with the World Trade Organization (WTO) after the US imposed ‘counter -duty’ on trade partner countries. “The US has severely violated the WTO rules, severely weakened the legitimate rights and interests of the WTO members,” a spokesman for China’s Commerce Ministry said, “The US has severely weakened the rules and the rules-based multilateral trading system and the international economic and trade system.”
Total fee on Chinese goods reached 54 percent
Trump on Wednesday announced imposing a 34 percent duty on import of Chinese goods, which was introduced as part of the comprehensive ‘liberation day’ package with the aim of giving a new look to the US trade policy. Following this decision, the total fee on China’s goods on entry into the US increased to 54 percent. This is close to the 60 percent fee threat on China during his election campaign by Trump. The Ministry of Commerce said that China has also decided to ban the export of double consumption goods to 16 American companies. He said that China has imposed a 67 percent fee on the US. He said that this figure also included manipulation and impact of trade obstacles in the exchange rate of the currency.
America has imposed 34 percent on sugar imports
The new 34 percent duty on sugar imports includes 10 percent basic fee and 24 percent specific duty for the country. The 10 percent fee will be applicable from April 5, while the high counter fees will be applicable from April 9. The Chinese Commerce Ministry on Thursday strongly criticized Trump’s fee on its 438 billion exports to the US. Chinese Foreign Ministry spokesman Guo Jiakun said in a separate statement that the US fee has severely violated the WTO rules and weakened the rules-based multilateral trade system.
China strongly opposed US decision
He said that China strongly refutes it and will do whatever is necessary to protect its valid rights and interests. The ministry said that these American institutions are involved in activities that may endanger China’s national security and interests. It emphasizes that no exporter can violate the above rules. The important thing is that Beijing has also announced immediate export control measures on some items related to rare soil, which has almost a monopoly. China’s Ministry of Commerce and General Administration of Customs said that export control measures on some goods belong to seven types of moderate and heavy rare soils.
America is the third largest export destination in China after ASEAN and EU. According to data from the US Trade Representative Office, America’s total goods trade with China in 2024 was an estimated $ 582.4 billion. Last year, American goods exports to China were $ 143.5 billion while imports were a total of $ 438.9 billion. During this period, the American goods trade deficit with China was $ 295.4 billion. (Language)
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