Follow direct updates on President Trump’s tariff and its global repercussions.
Beijing quickly responded to the definitions promised by President Trump, and announced birds of counter -measures targeting American companies and critical products imports.
Mr. Trump’s tariff entered 10 percent on all Chinese products into effect at 12:01 am on Tuesday, a result of an executive order issued during the weekend aimed at pressing Beijing to abandon the fentanel shipments to the United States.
The Chinese government has returned with a series of revenge steps, including additional definitions on liquefied natural gas, coal, agricultural machines and other products from the United States. He also said that she carried out restrictions on exporting some Critical mineralsMany of them are used in the production of high -tech products.
In addition, Chinese market organizers said they had launched a counterpart in Google. Google has been banned from the Internet in China, but this step may disrupt the company’s dealings with Chinese companies.
The American definitions, which Mr. Trump said on Monday, “Silvo inauguration”, was the top of the fees imposed by the president during his first term. Several Chinese products have already faced a 10 or 25 percent tariff, and this step adds a 10 percent tariff to more than $ 400 billion of goods that Americans buy from China every year.
Mr. Trump was planning to strike the three largest commercial partners in America, Canada, Mexico and China, with a tariff of varying degrees. But days after the hectic negotiations, Mr. Trump agreed to stop the definitions Mexico and Canada For 30 days after Canadian and Mexican governments promised to intensify censorship of fentanel and border.
On Monday, Mr. Trump said he intends to speak with the Chinese leader Xi Jinping During the next 24 hours, but it was not quite clear when the phone call will be made. Before there was any word from the invitation, the Chinese authorities have put forward the measures aimed at punishing American companies.
China’s counters have suggested efforts to harm American companies and send a warning to the Trump administration, while conducting reserve measures that could cause more serious damage to trade among the largest economists in the world. But the measures announced by Beijing, especially definitions and export controls, may take time to cancel Chinese officials, even if Mr. Trump indicates a willingness to settle.
Burt Hoffman, a former World Bank official and assistant professor at the East Asian Institute at the East Asia Institute at the National University of Singapore, said. “They may try to keep their powder dry, because this may remain only the first step of the Trump administration.”
The Trump administration tariff “is seriously undermining the multilateral training system based on rules, damaging the basis of economic and trade cooperation between China and the United States, and disrupting the stability of global industry supplies chains” China. Ministry of Commerce He said in a statement.
The Chinese Ministry of Trade and the Chinese Customs Agency announced new restrictions on Tungstin, Tylorium, Molbooms and other minerals important for industry and new technologies, noting “national security and interests”.
China’s measures included an additional tariff of 10 percent on crude oil, agricultural equipment, large cars and captured trucks, as well as an additional tariff of 15 percent on coal and natural gas, Chinese tax authorities announced.
China also said it added two American companies to the list of “unreliable entities”. One of the companies, PVH – the American retail seller who has Calvin Klein and Tommy Hilfiger – has already been developed investigation By Chinese organizers in September. China said PVH has taken “discriminatory measures” against goods from the Shinjiang region in the far West Chinese.
Google did not immediately respond to a request to comment on the announcement of the anti -monopoly investigation.
While Google dominates the world in digital advertising and online search, restrictions in China mean that they cannot run its search engine or YouTube video platform or its application store, Google Play, in the country. However, its operating system, Android, is used by some Chinese phone makers, including Xiaomi, Lenovo and Vivo. Organizers all over the world, including those in the United States, Canada, Europe and South Korea, investigated Google on the Anti -monopoly land or bringing relevant cases.
In addition to imposing his new fees, Mr. Trump has ordered the executive, signed on Saturday, End a common solution Many Chinese companies used to send goods to the United States without paying the definitions imposed by the president in 2018. The ruling, known as Minimis, the famous e -commerce companies such as Shein and TEMU to send billions of dollars of products from Chinese factories products directly to American consumers without tariffs .
The deals concluded by Mr. Trump with Canada and Mexico on Monday returned the United States from the edge of a trade war that may be devastating with two of its closest allies. But it did not prevent the threat of similar disputes at a later time.
On Monday, Mr. Trump explained that he would spread the definitions freely to carry other governments to give him what he wanted.
Mr. Trump accused China of failing to do enough to stop the export of fentanel and chemicals used to make it. In the executive order issued on Saturday, Mr. Trump said that artificial opium shipments had destroyed American societies, and have put severe pressure on the health care system and was the main cause of death for people between the ages of 18 and 45 years in the United States.
It is not clear what steps recently taken by the Chinese government, if any, to restrict the Ventanil trade, as well as its previous cooperation in law enforcement with the United States. Mr. Trump discussed with Mr. Shi in a phone call during his first week in his position.
During the first term of Mr. Trump, China presented a ban on Fintanel and began working with the United States to arrest the travelers, under the pressure of Mr. Trump. In 2023, Mr. Shi and then President Joseph R. Biden Junior. He agreed to a series of bilateral talks On the drug after they met Woodside, California.
A spokesman for the Chinese embassy in Washington said China is strongly opposed to definitions and that any differences or frictions must be resolved through dialogue. The spokesman said: “There is no winner in a commercial war or an introductory war, which serves the interests of either side or the world.”
Mr. Trump made an intense trade war with China during his first term, after it began a commercial issue and found that the country had unveiled American intellectual property. The customs tariffs escalated on China and eventually applied definitions to about 60 percent of the country’s exports to the United States.
Now Mr. Trump, in his post for two weeks, has started a new exchange with China.
“This is likely that this is only a long operation start for the two countries to negotiate,” said Zeoy Zhang, president and chief economist at Pinpoint Asset Management, an investment company in Hong Kong, in written comments. “There is hope to cancel the escalation in this process, although the next road may be rugged.”
Claire Fu It contributed to the reports from Seoul, Amy Chang Dog From Taipei, Taiwan, and Niko Grant From San Francisco.
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