Politics
China strikes Trump: Xi Jinping to impose a rate of 34% on all American imports from April 10
Beijing: The Government of President Xi Jinpings will impose a rate of 34% on all imports of the United States from April 10, which will correspond to the so-called reciprocal prices on Chinese products, in addition to deploying a multitude of export control measures in reprisal to President Donald Truffs Tariff War in the country's war.
The fact that these measures restrict imports of poultry products and seven types of rare land and the establishment of 11 American companies on a list of unreliable entities were announced simultaneously by several ministries on Friday, a public holiday, captured XIS's intention to fight against Trump's tariff aggression.
The prices arrow announced by the Trump administration will increase samples from almost all Chinese products at least 54%, bringing Chinese exports to the United States.
American action does not respect the rules of international trade, seriously undermines the legitimate and legitimate rights and interests of Chinas, and is typical of unilateral intimidation, said the Chinese finance ministry in a press release announcing the 34%tariffs.
The American president was quick to respond to the Chinese tit-tray law. In an article on social networks, he wrote: China has played badly, they panicked the only thing they cannot afford to do!
The United States and China, the two largest economies in the world, have a lot of interdependence, although the balance has always been tilted in favor of China due to its higher export volume. Experts believe that the scanning prices of the assets will have a significant impact up to two percentage points drop in GDP on the Chinese economy.
Bloomberg said that in spite of these concerns, Chinese shares witnessed a slight drop on Thursday before the holidays, investors betting that Xi will trigger enough monetary and tax recovery by emphasizing the national economy to ensure that it achieves an ambitious growth target of around 5% in 2025.
Beijings, belligerent to retaliate before the American prices took effect on April 9, marked a change from its previous approach to wait until the tasks are in place.
The speed in which the countermeasures were deployed show a high level of deliberation and a series of appropriate responses to retaliate in the United States, Dylan Loh, assistant professor at the Nanyang technological university in Singapore was cited by Bloomberg. It establishes the balance between inflicting pain but not being considered an excessive reaction.
By opening another front with the United States, Beijing said that he had launched an official complaint against the new American prices with the World Trade Organization on Friday, saying that the measures violated the WTO rules, Reuters reported.
China has filed the WTO complaint with regard to the United States's measures, China's permanent mission said to the World Trade Organization in a statement.
The new prices clearly violate the WTO rules, he added.
On Friday, the WTO secretariat confirmed to Reuters that he had received the request for consultations from China.
Bilateral consultations are the first step in the official dispute resolution. If no solution is found within 60 days, China could request arbitration by the organization of organization of organizations based in Geneva.
While China has waged the pricing war in the World Organization in addition to launching its own offensive, most other countries despite the announcement of the intention to take reciprocal tariffs were in waiting mode.
Agencies
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Sources 2/ https://kashmirreader.com/2025/04/06/china-hits-back-at-trump-xi-jinping-to-impose-a-34-tariff-on-all-us-imports-starting-april-10/ The mention sources can contact us to remove/changing this article |
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