Chinese counter-tariffs to kick in as Trump threatens more to come : NPR

BEIJING – The Chinese definitions are scheduled to enter a group of American products on Monday, as commercial friction between competitors has been heated without end on the horizon.

Definitions from China It ranges from 10 % to 15 % and is applied to crude oil, liquefied natural gas and agricultural machines and the choice of other products from the United States.

It was announced last week in response to Trump administration decision to strike China With a 10 % comprehensive duty in an attempt to press Beijing to do more to stop the fatal artificial fentanel flow to America. China is a major source of chemicals used by the carts in Mexico to make drugs.

When asked about the definitions, Chinese Foreign Ministry spokesman Qah Jiakoun told a daily press conference on Monday in Beijing that there were no winners in a commercial war or an introductory war.

“It harms the interests of each of the people,” he said. “What is required now is not the unilateral hypothesis of definitions, but dialogue and consultations based on equality and mutual respect. We urge the American team to stop its illegal actions and refrain from politicizing and correcting economic and commercial issues.”

Beijing did not stop with the retaliatory definitions. The authorities announced last week an investigation to combat monopoly in Google, and two American companies added to a “unreliable” black list, and to increase the export control elements on rare minerals that are necessary for technological supply chains.

Harry Murphy Cruz, head of China’s economy in Moody’s analyzes, said the response was a warning.

“It is China: We do not want to make the situation worse, and therefore our response will be completely restricted regarding what we can do. But when putting some export controls on critical minerals and rare land, he says to the United States: We can make it difficult for you if this increases The matter.

During the first period of Trump, Beijing responded in proportion to the customs tariff, ensuring that the rate of effective tariffs on American goods entering China – Mediterranean in all imports – identical to Chinese imports that go to the United States.

Murphy Cruz said that China now allows the effective tariff for its American imports, with a signal. He said that the American definitions cover about 450 billion dollars in Chinese goods, while the Chinese definitions amount to 15 billion dollars to 20 billion dollars in American goods.

China dominates the rare land industryAccounting the largest part of global mining and refining.

When the Trump administration announced a 10 % tariff in China, it also threatened 25 % Definitions on goods from Canada and MexicoBut it was affected after the negotiations at the last minute. The White House said at the time that he expected an invitation between Trump and Chinese leader Xi Jinping, but Trump later said he was not in a hurry to speak with the eleventh.

Murphy Cruz said: “The oldest unknown is when President Xi and President Trump will meet and discuss, and where do these discussions go? “The danger is that it decreases a similar path to the last time where there is his dream.”

The increasing trade friction between the world’s largest economists comes at a difficult time for China, where The economy was slow For more than two years while the authorities wrestle with a real estate crisis, height of debt, and contraction.

In the United States, also, some analysts expect that the risk of inflation will give the Trump administration a pause when it comes to tariffs. Trump threatened to impose a tariff of 60 % or more on Chinese goods during the presidential campaign.

But Trump said on Sunday was more coming. He said that he would impose a 25 % tariff on all imports of steel and aluminum, and he threatened the customs tariff on Taiwan, Europe and others.

Aowen Cao contributed to this story.