The commercial war initiated by President Donald Trump climbed this Wednesday after China will announce that it will apply additional tariffs to American products and the countries of the European Union will support retaliation measures, which attacked instability in financial markets.
The new tariff of the United States to almost 60 countries, including an accumulated rate of more than 100% to China, They entered into force on Wednesday.
A few hours later, China responded with an increase in tariffs to US products of 34% to 84% from Thursday at 12 noon.
However, just a few hours, Trump announced that Pausaba most of the tariffs for 90 days to the countries that had not taken reprisals.
Not so to China, for which he announced A new 125%increase.
Then he clarified that for the European Union, Tariffs would remain at 10%.
Products
But, What products merchants the United States with the Asian giant?
According to the British news chain Bbc world, These are the main products that the US sends to China (In order of what is most exported):
- Soybeans, mainly as food for millions of pigs
- Aircraft
- Engines
- Pharmaceutical products
- Oil
While China mainly sends the United States:
- Cell phones
- Computers
- Batteries, vital for electric vehicles
- Toys
- Telecommunications equipment
Figures
According to the report of the BBC, The total managed in trade between the two countries represented US $ 585 billion in 2024.
However, USA. It imported much more from the Asian country, which represents about US $ 440 billion. While China imported from the US at least US $ 145 billion.
This represents a commercial deficit (the difference between what matters and exports, explains the BBC) for the US. of US $ 295 billion.
Consequences
According to experts, the consequences of tariffs It would be reflected, almost immediately, in the prices of products between both countries.
In the case of what the US imports from China, it had already been considered an increase in the price due to the 20%tariff. But this Price could increase five more times if tariffs increase 100%.
“And American imports to China will also rise in price due to the retaliation tariffs of Beijing, What will ultimately harm Chinese consumers similarly, “says the BBC
But, because these countries represent more than 40% of the world economy, A commercial war will directly affect other countries.
“The repercussions of an open commercial war between China and the US. They would feel worldwide, And most economists believe that the impact would be very negative, “warns the BBC
*With information from EFE and AFP.