Beijing
China has decided to impose new tariffs on the US. These tariffs will apply to US products from February 10. China has taken this step in response to the tariff placed by US President Donald Trump on its products. The US has imposed 10 percent tariff on China’s products. China has also increased tariffs on American products in response to this. The Chinese Finance Ministry on Tuesday informed about the decision to impose 10 to 15 percent tariffs on US products.
Beijing’s tariffs will affect the import of big cars, pick trucks, LNG, crude oil and farming machines coming from the US in China. China has imposed an additional tariff on coal and natural gas and 10 percent on petroleum, agricultural equipment, high emitted vehicles and pickup trucks. China has controlled the export of some major minerals. Also, Google and some American companies have started investigating.
Trade war in China-US!
Tensions in both countries have increased the tension at the level of trade in both countries. This is also likely to intensify the trade war between the US and China in the coming days. The tension began after Donald Trump became the President of America. The trap has imposed tariffs on many countries. China is also included in these countries.
China has expressed displeasure after the US has increased the tariff on its goods. China’s Finance Ministry said that unilateral tariff from the US is an open violation of the WTO rules. Donald Trump’s decision weakens general economic and trade cooperation between China and the US.
Action on American companies too
China has launched an anti -monopoly investigation against American tech giant Google. China’s Ministry of Commerce has added Tungsten, Telurium, Bismath, Molibdenum and Indium to the export control list. China has put American clothing company PVH and Biotechnology company Ilumina in the list of incredible institutions. The Chinese government says that these institutions have obstructed general transactions with Chinese enterprises and adopted discriminatory measures against them.
