China calculates tariffs on American products. It will also investigate Google
Beijing (Associated Press) -China President Donald Trump's comprehensive tariffs on Chinese products on Tuesday, on Tuesday, on Tuesday, and announced an anti -Torais investigation on Google and other trade measures.
The US tariffs on Canadian and Mexican products will also take effect on Tuesday, and Trump agrees to stop for 30 days because the two countries have taken action to soothe his concerns about border security and drug trafficking. Trump plans to talk to Chinese President Xi Jinping in the next few days.
John Gong, a professor of Beijing International Business and Economics, said China's response was “measured.” He said: “I don't think they want the trade war to upgrade. They see this example of Canada and Mexico, maybe they want the same thing.”
This is not the first round of TIT-TAT action between the two countries. China and the United States launched a trade war in 2018. At that time, Trump raised tariffs on Chinese goods, and China responded with real objects.
Analysts said that this time China has been prepared to oppose, and the government announced a series of measures that have reduced the economic departments from energy to various American companies.
Counter tariff
China said it will impose a 15 % tariff on coal and liquefied natural gas products, as well as 10 % tariffs on crude oil, agricultural machinery and large engine cars imported from the United States, and tariffs will take effect next Monday.
In a statement, the Customs Council of the State Council said: “Unilateral tariffs in the United States have seriously violated the rules of the World Trade Organization. U.S”
The impact on US exports may be limited. Although the United States is the largest exporter of global liquid natural gas, it is not more than China. According to data from the US Energy Information Administration, in 2023, the United States exported 1732.4 million cubic feet of LNG to China, accounting for about 2.3 % of the total total natural gas exports.
Bill Russo, the founder of Shanghai, said that last year, China generally imported about 700,000 cars, and leading importers came from Europe and Japan.
Further export control of key minerals
China has announced the export control of several elements of modern high -tech products.
They include tungsten, Taylor, soldiers, molybdenum and dependence. Many of them are designated as key minerals by the US Geological Survey, which means that they are critical to the US economy or national security that is easy to destroy the supply chain.