International
At noon on Thursday, April 10, China time, the new tax increase entered into force from 34 % to 84 % to goods from the United States that arrive in China.
China’s Ministry of Finance argues that the 84 % tariff against US products enters into force on April 10 and the measure is executed in response to the US “repeated” error “to increase its tariffs to China. (Photo free press: Jade Gao / AFP)
The new tax increase from 34 % to 84 % to goods from the United States that arrive in China entered into force at the local noon on Thursday, April 10 (04:00 GMT), in a new episode of the Rifirrafe tariff that maintain the two largest economies in the world.
The increase, announced on the eve by the Chinese Ministry of Finance, is Beijing’s response to the additional tax of 50 % announced on Tuesday by Donald Trumpwhich raised to 104 % the total rates to Chinese products that enter the US market.
After Beijing’s announcement, the same Wednesday, Trump raised the tariffs to China again placing them in 125 % with immediate effectwhile declared a 90 -day truce in the application of most of the rates to the rest of the countries of the world announced on April 2.
For now China He has not announced his response to this new increase.
Next to the climb Tariff up to 84 % To American products, China It included last night on Wednesday, April 9, 12 new firms from that country to its export control list, including engineering equipment and companies, some of which are related to drones (Brinc), aeronática (Novotech), machinery (Marvin Engineering Company) and Radars (Echodyne).
Also included six others companies to its list of non -reliable entities, among which suppliers of military teams such as Cyberux or Sierra Nevada.
These restrictions aim to prevent exchanges in civil and military “double use” articles, said the commercial portfolio statement.
Beijing has assured that “it will fight until the end” and that it has “a firm will” and “abundant resources” to respond “with determination” if the United States insists on “further intensify its economic and commercial restrictive measures.”
The Ministry of Finance considered, upon announcing its last response, that Trump tariffs “seriously violate the legitimate rights and interests of China“And that” seriously harm the multilateral trade -based trade system. ”