Hours after Washington launched its new tariffs on April 9, Beijing reacted with similar measures. The Chinese Ministry of Commerce declared that US tariff policy Seriously violates the legitimate rights and interests of the Asian country.
Although it maintains a firm posture, China does not close the door to negotiation. According to an official document released by state means, Beijing would be willing to dialogue If a framework of Equality and mutual cooperation.
The commercial war had an immediate impact on the Financial markets. The Japan Nikkei index closed with a decrease of 3.93 %, while the Yen strengthened 0.7 % against the dollar.
Others Asian bags also recorded losses: Taipéi fell 5.8 % and Seoul 1.73 %. In Europe, Paris lost 3.6 %, Frankfurt 4.1 %, London 3.5 %and Madrid 3.4 %.
The price of oil, considered an indicator of the global economic nervousnessdescended to levels not seen in four years, located around the US $ 60 per barrel.
The Association of Nations of Southeast Asia (ASEAN), composed of 10 countries, expressed concern about the regional consequences of the conflict. Vietnam, one of its members, faces a 46 %tariff. The organization urged to act with courage to deal with risks derived from the confrontation of mercialitiesl.
From Washington, President Donald Trump reiterated his willingness to negotiate bilaterally. During a dinner with the Republican party, he said that numerous countries – including China, he said— They seek to reach specific agreements with USA.
In Europe, the president of the European Commission, Ursula von der Leyen, called on Avoid greater escalation During a telephone conversation with Chinese prime minister, Li Qiang.
A European spokesman said that the European Union will present its response at the beginning of next week. The block contemplate apply 25 % tariffs to several American products, although decided to exclude the bourbon to avoid reprisals against European wines and liquors.
The French president, Emmanuel Macron, said that the objective of the European response is to ensure that Trump reconsider your tariff policy.
Economists warn that the trade war could have a devastating effect on the global economy, to the Increase inflation, unemployment and stop growth.
The Secretary General of the United Nations, Antonio Guterres, expressed his special concern for the impact on the most vulnerable developing countries.