The United States announced that China now faces a new rate of up to 245 percent due to its retaliation measures, according to a white house statement on Tuesday night.
The last administrative order of the White House, revealed on Tuesday night, has launched a national security investigation into vital imports of resources. The order also included explanations for the reciprocal tariffs announced on April 2.
“China now faces a 245PC tariff on imports to the United States as a result of their retaliation actions,” said the White House.
“The first day, President Trump began his first commercial policy in the United States so that the United States economy is great again,” he said.
“More than 75 countries have already communicated to discuss new trade agreements. As a result, the highest individualized tariffs are currently stopped in the midst of these discussions, except China, which represents,” he added.
“A few months ago, China forbade exports to the United States of Gallium, Germanio, Antimony and other high -tech key materials with possible military applications.
“Just this week, China suspended exports of six heavy rare earth metals, as well as rare earth magnets, to drown the central component supplies for car manufacturers, aerospace manufacturers, military semiconductor companies and contractors around the world.”
The statement did not clarify the exact rate rate faced by China, but implied that the rate of rates could rise to 245PC.
China increased its tariffs on imports from US goods to 125 percent last Friday in a TIT movement per eye to Trump, who effectively raised US tariffs on Chinese products to 145 percent while making a 90 -day pause in the grave planned for the goods of other countries.
China told Washington today that “he stopped threatening and blackmail” after the president of the United States, Donald Trump, said he depended on Beijing to come to the negotiating table to discuss the end of his commercial war.
Trump has slapped new tariffs against friends and enemies, but has reserved his heaviest blows to China.
“If the United States really wants to solve the problem through dialogue and negotiation, it should stop exerting extreme pressure, stop threatening and blackmailing, and talking to China on the basis of equality, respect and mutual benefit,” said the spokesman for the Ministry of Foreign Affairs, Lin Jian.
“China’s position has been very clear. There is no winner in a tariff war or a commercial war,” Lin said. “China doesn’t want to fight, but you’re not afraid to fight.”
This year, Trump has imposed an additional rate of 145 percent to many China assets, stacking on the duties of previous administrations.
Trump initially imposed tariffs of 20 percent to China imports on his supposed role in the fentanyl supply chain, then added 125PC about the commercial practices that Washington considers unfair.
However, its administration has given a temporary respite for certain technological products, such as smartphones and laptops, of the last tax.
The White House said Tuesday that it depended on Beijing to make the first movement to finish the dispute, that economists warn that they could cause a global recession.
“The ball is in the China court. China needs to make a deal with us. We don’t have to make an agreement with them,” said a Trump statement read by press secretary Karoline Leavitt.
China growth
China also said that its economy grew a 5.4 percent prognosis in the first quarter when exporters rushed to take assets from the factory doors before the American taxes.
“The climbing that occurs in April will be felt in the figures of the second quarter, since tariffs will send companies in the United States that seek other suppliers, prevent Chinese exports and hit the investment brakes,” said Heron Lim of Moody’s Analytics AFP.
Meanwhile, Japan’s envoy for conversations scheduled for today in Washington said he was optimistic of a “win-win” result for both countries.
Ryosei Akazawa, who had to meet the United States Secretary of the Treasury, Scott Besent, said “would protect our national interest.”
Also today, Honda said that the production of its hybrid civic model from Japan to the United States will change, although this represents a very small part of its global production.
The justification behind the decision “is not a unique problem,” said a Japanese firm spokesman. “The decision is based on the company’s policy since its foundation that we produce cars where the demand is.”
South Korea, another important exporter, particularly semiconductors and cars, said that Finance Minister Choi Sang-Mok would meet with Besent next week.
“The current priority is to use negotiations … to delay the imposition of reciprocal tariffs as much as possible and minimize uncertainty for Korean companies that operate not only in the United States but also in global markets,” Choi said Tuesday.
Chip shares in Asia collapsed after Nvidia said she expects a success of $ 5.5 billion due to a new license requirement of the USA. In the primary chip that can be legally sold in China.
Trump also ordered a probe on Tuesday that can lead to tariffs on critical minerals, rare earth metals and associated products such as smartphones.
China unexpectedly designates a new commercial negotiator
In a related development, China today unexpectedly appointed a new commercial negotiation code in any conversation to resolve the growing war war with the US.
Li Chenggang, 58, former Assistant Trade Minister during the first Trump administration, takes over Wang, 59, the Ministry of Human Resources and Social Security in a statement.
It was not clear if Wang, who assumed the role number 2 in the Ministry of Commerce in 2022, had assumed one position elsewhere. His name was no longer in the Ministry’s leadership team, according to the Ministry’s website until Wednesday.
The Ministry did not immediately respond to a Reuters Request for comments on the change, which was not explained in the Declaration of the Ministry of Human Resources.
Wang was considered a hard negotiator and had faced American officials in previous meetings, said a source in the foreign business community of Beijing. “It’s a bulldog, very intense,” said the source, who declined to be named.
The abrupt change took place in the middle of the tour of President Xi Jinping for Southeast Asia to consolidate economic and commercial ties with nearby neighbors amid the confrontation with the United States.
The Minister of Commerce, Wang Wentao, was among the senior officials who flanked XI during his visit to Vietnam, Malaysia and Cambodia this week.
Alfredo Montufar-Helu, main advisor to the Chinese center of the Conference Board, said the change was “very abruptly and potentially harmful” given the speed with which commercial tensions had already intensified the light of Wang’s experience negotiating with the United States from the first Trump administration.
“We can only speculate why this happened at this precise moment; but it could be that, in the opinion of China’s main leadership, given the way the tensions have continued to increase, they need someone else to break the impasse in which both countries meet and finally begin to negotiate,” he said.
Li, who has done several key works in the Ministry of Commerce, as in the departments that supervise the treaties and law and fair trade, has academic history at the Elite Beijing University and the University of Hamburg of Germany.
“Judging by its CV, Li is a typical Chinese technocrat with extensive experience in commercial problems in the Ministry of Commerce, as well as in WTO,” said Alfred Wu, associate professor at the National University of Singapore.
“It looks like a routine promotion with nothing abnormal, but now it is obviously a sensitive period due to US-China tensions.”
On March 31, Li attended a forum of Chinese private entrepreneurs as a “leader” of the Ministry of Commerce, according to a reading of the state media of the meeting, one of the first official indications of an imminent movement to a new role.
