“The imposition by the United States of Abnormally high tariffs to China Seriously violates international commercial standards, The basic economic laws and common sense, ”said the Tariff Commission of the Beijing State Council in a statement, and added that the new tax will enter into force on April 12.
“Since this level of tariffs, American products exported to China They no longer have any possibility of being accepted in the Chinese market“If Washington continues to increase her tariffs, China will ignore it,” he added.
Beijing also announced that will file a demand before the World Trade Organization (WTO) for the last round of Trump tariffs.
The uncertainty generated by Donald Trump’s policies Keep pressing the dollar downthat this Friday played its minimum in more than three years in front of the euro.
In most European stock exchanges, he backed away in part -time.
For its part, in Tokyo, the Nikkei index ended the week with a 2.95%drop.
“Resist together”
Donald Trump announced on April 9 A 90 -day pause in tariffs that he had just imposed on 60 commercial partners, except China.
However, Washington maintains minimum 10% tariffs and Customs surcharges of 25% on steel, aluminum and cars.
As for China, tariffs on their imports amount to 145%.
Chinese president, Xi Jinping, urged the European Union to “Resist together” to “harassment”.
In a meeting in Beijing with the head of the Spanish Government, Pedro Sánchez, the leader of the second world economy highlighted the need for cooperation between both powers before the commercial war launched by Trump.
“China and the EU must assume their international responsibilities, protect economic globalization together (…) and resist together unilateral harassment,” Xi said.
In a later press conference, Sánchez, supporter of Approach positions between Brussels and Beijing, He defended that the commercial tensions Between both powers they should not stand in the development of their cooperation.
“Both Spain and Europe have an important Commercial deficit with China that you have to work to correct, ”said the social democratic leader.
But “we must not let commercial tensions stand at the potential growth of our relationship between China and Spain and between China and the EU,” he said.
The European Commission of Commerce, Maros Sefcovic, will maintain on April 14 in Washington Meetings with senior US officials To “avoid a escalation” of commercial tensions, the European Commission said.
New dispute with Mexico
The European Union decided to suspend the Measures of reprisal prepared “to give the negotiations a chance” after Trump pausara the calls “Reciprocal tariffs.”
The American president said that the leaders of the block had been “very ready.” “They were prepared to announce reprisals. They heard what we did with China and said: ‘Do you know what? We are going to wait a bit, ” he said.
However, the president of the European Commission, Ursula von der Leyen, warned that they have available a “Wide fan of countermeasures”how to assess the advertising income of US digital platforms within the block.
Meanwhile, the European Central Bank said it is “ready to intervene” in case of Risk for financial stability in the Eurozoneaccording to its president, Christine Lagarde.
On the other hand, the US President threatened Mexico again with “tariffs and perhaps even sanctions” until he fulfills a 1944 treaty and “Give Texas the water that owes him. ”
This treaty establishes that Mexico and the United States share the waters of Los Ríos Grande (which Mexicans call Bravo) and Colorado, which run through the border between the two countries.
But when it was signed, future drought problems or the increase in the population were not taken into account, which has caused friction.
The Water dispute It adds to other tensions between Mexico and the United States.
Trump imposed 25% tariffs on Mexican products Considering that Mexico does not effectively fight fentanyl traffic, a synthetic opioid that wreaks havoc in the United States.
After giving and diplomatic goings, he exempt the goods included in the North American Free Trade Agreement (T-MEC).