Beijing responded quickly to President Trump's promised tariffs and announced Fusillade, a measure targeting American companies and importing important products.
Trump's 10 % tariff on all Chinese products was enforced at 12:01 am on Tuesday. The purpose of the administrative orders issued on the weekend was to put pressure on the US -Fentanyl shipment to the United States.
The Chinese government has taken a series of retaliations, including liquefied natural gas, coal, agricultural machinery, and additional tariffs on other products. He also stated that he implemented restrictions on exports of specific mineral exports. Many of them are used to produce high -tech products.
In addition, Chinese market regulations have begun anti -monopoly surveys for Google. Google is blocked from the Internet in China, but this movement can confuse the company's transactions with Chinese companies.
The US tariff, which Mr. Trump said on Monday to be an “opening salvation”, will come on the tax on the first term of the President during his first term. Many Chinese products have already faced 10 to 25 % of tariffs, and this movement has added 10 % to more than $ 400 billion of products purchased by Americans every year.
Trump was planning to attack three largest trade partners in Canada, Mexico and China. However, after desperate negotiations, Mr. Trump agreed to suspend Mexico and Canada for 30 days after the Canada and Mexican government promised to strengthen Fentanil and border supervision. I did.
On Monday, Trump said he was planning to speak with Chinese leader Xi Jinping within the next 24 hours, but it was not clear when the phone would be made. Before the call was to call, the Chinese authorities have revealed measures to punish American companies.
China's counter punch suggests an effort to hurt American companies, send warnings to the Trump administration, and at the same time maintain a preliminary measure that could cause more serious damage to the world's two largest economy. I did. However, the measures announced by Beijing, especially tariffs and exports, may take some time for Chinese officials to cancel, even if Trump's willingness to compromise.
“As far as I can see so far, it is a relatively limited response, which affects 30 % or less of exports to the United States,” he is a former Bank of the World Bank, and is now the East Asian Research Institute. Bart Hoffman, a part -time professor, said. Singapore National University. “They are probably trying to dry the powder, because this is just the first step from the Trump administration.”
According to the Trump administration's tariff, “it confuses the stability of global industrial supply chains, which seriously impairs multilateral training systems based on rules, does not damage the basics of economic trade cooperation between China and the United States,” Was stated in a statement.
The Ministry of Commerce and China Customs have quoted “National Security and Profit,” and announced new restrictions on exports of tungsten, terrulium, molybdenn, and other metal exports, which are important for industries and new technologies.
China's tax authorities have announced that Chinese measures include 10 % of crude oil, agricultural equipment, large vehicles, and pickup trucks, and 15 % of coal and natural gas.
China also stated that two American companies have added to the “Unlimited Entity” list. One of the companies, Pvh -Calvin Kline and the Tommy Hilfiger brand, had already been investigated in September by Chinese regulatory authorities. China said that PVH has taken “discriminatory measures” from a new Jiang area in the pole west of China.
Google did not immediately respond to comments on the announcement of an anti -trade survey.
Google dominates the world in digital advertising and Internet search, but it means that Chinese restrictions cannot operate search engines, YouTube video platforms, App Store, and Google Play in Japan. Nevertheless, the operating system, Android, is used by Chinese mobile phone manufacturers such as Xiaomi, Lenovo, and Vivo. Regulatory authorities around the world, including those in the United States, Canada, Europe and South Korea, have investigated Google on the basis of antitrust law or have raised related cases.
In addition to imposing his new tariffs, Mr. Trump's presidential order, which he signed on Saturday, was used by many Chinese companies to send products to the United States without paying the tariffs imposed in 2018. The measures have been completed. Minimis has allowed popular electronic business companies, such as SHEIN and TEMU, to send billions of dollars from Chinese factories to US consumers without tariffs.
Trump's transactions with Canada and Mexico on Monday have regained the United States from the brink of a catastrophic trade war with the nearest ally. But it did not eliminate the similar dispute threats later.
On Monday, Trump said that he would freely deploy tariffs to give other governments to give him what he wanted.
Trump accused China failed enough to stop exporting the chemicals used to make Fentanyl. At the presidential order he issued on Saturday, Mr. Trump destroyed the United States community, put a serious burden on the medical system, and was a major cause of the majority of people in the United States. I mentioned.
It is not clear that the Chinese government has recently taken recently to restrict Fentanyl trade in cooperation with the previous law execution agencies with the United States. Trump discussed with Xi about Fentanyl over the phone in the first week of his inauguration.
During Trump's first term, China introduced Fentanyl's ban and began working with the United States to capture human traders under pressure from Trump. In 2023, XI and the time Joseph R. Videen Jr., then met in Woodside, California, agreed to a series of two countries on drugs.
The Washington Chinese Embassy Spokesman said that China should oppose tariffs and solve differences and friction through dialogue. “There are no winners in the trade war or tariff war, which is neither side nor the world's interests,” said Spokesman.
Trump began a trade lawsuit that discovered that the United States had infringed US intellectual property unfairly, and had a fierce trade war with China during his first term. He ratchet China's tariffs and ultimately applied about 60 % of the country's export to the United States.
Currently, Trump has been appointed for two weeks and has begun a new exchange with China.
“This is likely to be the beginning of a long process negotiated by the two countries,” said Zhiwei Zhang, the president and chief economist of Hong Kong's investment company, Pinpoint Asset Management. “I have hope to escalate in this process, but the road in front may be bumpy.”
Claire Hu has contributed to the report from Seoul, contributing to Nico Grant in Amy Chang Chien, Taiwan, Taiwan, and San Francisco.