China has promised fight the tariffs of the United States “until the end”, After President Trump threatened with additional taxes, in a new escalation of the Commercial War Between the two main world economies.
Despite the fear of a global recession because of the tariffs, which already caused a Black Monday in the bagsTrump rules out, for the moment, a pause in his aggressive commercial policy.
ChinaWashington’s main economic rival but also key trade partner, responded to the tariffs last week announcing 34 % levies on American products as of April 9.
Shortly after, Trump replied with the threat of new tariffs, which would carry the United States taxes on Chinese products to 104 %. “I have great respect for Chinabut they can’t do this, ”Trump said in the White House.
China responded by denouncing the “pressures, threats and blackmail”From the United States, in the words of the spokesman of the Ministry of Foreign Affairs, Lin Jian.
A spokesman for the Chinese Ministry of Commerce warned, in turn, that “the threat of USA to increase tariffs against China It is a mistake after another And he exposes, once again, the blackmail nature of the United States. ”
“The United States insists on following its own pathChina will fight until the end”He added, explaining that the Asian giant will take “countermeasures” To defend their “rights and interests”, although at the same time he asked for “dialogue.”
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The president of the European CommissionUrsula von der Leyen, asked to avoid an “escalation” and advocated “a negotiated resolution to the current situation (…) To support a renovated, free, fair and level trade system. ”
However, Chinese prime minister Li Qiang said in a telephone conversation with von der Leyen that his country It has enough “tools” to “compensate” economic turbulence.
The White House confirmed that the departure of additional tariffs of 50%, which President Trump threatened to impose on China, It will also come into force on April 9which will make the tax rate on the imports of the Asian country Total scope 104%.
“They will enter into force at 01.00 (4.00 GMT),” the government spokeswoman, Karoline Leavitt, just affirmed in a press conference.
That extra game will be added, from midnight, to another 24 % that Trump had announced a week ago.
These volumes overlap, in turn, 20 % of customs taxes with which the US government already taxes Chinese imports, due to what it considers insufficient efforts to avoid the entry of fentanyl into the American country, and another 10 % that USA. UU. It activated all its commercial partners.