China promises “strong” countermeasures when we have tariffs

The Chinese Foreign Ministry has once again confirmed that Beijing will take “decisive” measures to protect its own interests, after pure total tariffs of 104% of Chinese imports came into force.

“If the US honestly wants to solve the problem through dialogue and negotiations, it must show the attitude to equality, respect and mutual benefit,” said the press -secretary of the Ministry of Foreign Affairs, Lin Jian at a regular press briefing.

Sound Comments by the Ministry of Commerce On Tuesday, Lynn said that “when the US insists on the fight against the tariff war and the trade war, China” will definitely fight. “

Last Friday, the Chinese Finance Ministry announced 34% in additional tariffs On all goods imported from the US, starting on April 10, new fees in the amount of 34%in China.

Board tariffs followed by 10% -15% tariffs focused on predominantly agricultural and energy products imported with the US

According to Dan Vanga, China’s director in Eurosia Group, Trump’s tariffs have effectively destroyed the profit of Chinese exporters as soon as US duties have undergone 35%. After that, Chinese exporters will not sell the United States at all, she said.

In a separate official A white book is released Within the framework of the information council of the State Council on Thursday, the Chinese administration stated that “if the US insist on further escalation of its economic and trade restrictions, China will strongly resist and fight the US to the end,” the CNBC said.

“The United States uses tariffs as weapons to exert extraordinary pressure and seek selfish interests. This is a typical act of unilateralism, protectionism and economic bullying,” Beijing said in a white book.

The Chinese administration has added that raising tariffs will not help us trade surplus, but instead it will cause high volatility in the financial markets, worsening inflation and undermining the US industry.

However, Beijing said he hoped that the US will “meet halfway” and immediately remove unilateral trade barriers, once again emphasizing its openness to strengthen the dialogue, manage the difference and increase cooperation.

China claimed that it fulfilled the conditions according to Trading transaction “Phase 1” The fact that Trump struck Beijing during his first presidential term, stating that the United States violated certain mandates in the agreement. CNBC addressed the White House for comments regarding these claims.

The transaction requires failed to achieve its goals As a Covid-19 pandemic.