Increasing tariffs and warning of the Chinese government to Trump

reports Mehr News Agency Tariffs from US President Donald Trump urged the country to cancel his new tariffs immediately, while warning that he would take action to protect his interests.

This reaction was after the announcement of extensive tariffs against its business partners around the world.

The Chinese Ministry of Commerce said in a statement that the US move has ignored the balancing considerations of the interests that had taken place in multilateral trade negotiations over the years, while the United States itself has benefited from international trade for years.

The statement said: China is firmly opposed to this action and will take action to protect its rights and interests.

These statements appear to be as the two major economies of the world are going to exacerbate the trade war; A war that can disrupt global supply chains.

Trump announced on Wednesday that China will be subject to a 5 % tariff, which will increase the 5 % tariff and bring the new tariff to 5 %; A figure that is very close to his 2 % threat during his election campaign.

Chinese exporters, like their counterparts in other economies around the world, will face a 5 % base tariff on Saturday. This tariff is part of the new 5 % tariff that is applied to almost all goods shipped to the world’s largest consumer economy.

then the residual and higher tariffs, known as “cross-tariffs”, will be implemented from April 1.

according to Chad Brown Style = “Text-align: Justify”> Peterson for the US State Department’s senior economy and senior economist in the final year of the government Biden , the average tariff for imported goods from China will reach 5 %.

Trump also signed an executing command that the commercial legal divide called d Minimis This gap allowed low -cost goods from China and Hong Kong to enter the United States without paying tolls.