Beijing: China will impose additional prices on certain American products from February 10, and the country has filed a complaint with the WTO against American tariff hikes, which entered into force on February 4.
From February 10, additional prices, including a rate of 15% on imported coal and liquefied natural gas from the United States and crude oil, agricultural machines, cars with significant travel and vans will be submitted At an additional 10%rate, said customs pricing commission of the Council of State on Tuesday.
On February 1, 2025, the US government announced a 10% tariff on all goods imported from China, citing problems linked to fentanyl and other concerns. This unilateral taxation of prices by the United States seriously violates the WTO rules, and not only by the resolution of its own problems, but also undermines normal economic and commercial cooperation between China and the United States, according to the Customs pricing commission of the Council of State.
Also on Tuesday, the Chinese Ministry of Commerce (MOFCOM) said that it had filed a file with the WTO dispute settlement mechanism to defend its legitimate rights and interests after the United States has announced 10% additional prices to products Chinese.
A ministry spokesman said that the United States’s pricing hikes on Chinese exports seriously violated WTO rules are malicious in nature and a typical example of unilateralism and commercial protection.
The United States has repeatedly put in unilateralism above multilateralism, incurring a strong condemnation of the majority of WTO members. As a faithful supporter and key contributor to the multilateral trade system, China is willing to work with other WTO members to jointly meet the challenges posed by unilateralism and commercial protectionism, in order to guarantee the ordered and stable development of the International trade, the MOFCOM spokesperson noted.
On Sunday, the Chinese Ministry of Foreign Affairs published a statement on Sunday, which said that China deplores firmly and is opposed to the American tariff increases and would take the necessary countermeasures to defend its legitimate rights and interests.
China has taken the necessary countermeasures in accordance with the relevant laws and regulations and the fundamental principles of international law, which are completely justified and reasonable, said a spokesman for the Chinese embassy on Tuesday, adding that the Moving from the American rate undermines the mines the basis of economic and commercial cooperation in China and the United States and cannot affect and undermine the future cooperation of command contarins between the two parties.
Zhou told the media on Tuesday that the prices placed on some of the relatively competitive American exports to China such as energy and certain categories of machines will affect the performance of American companies, because prices will affect their market share in China.
However, Chinese countermeasures are supposed to serve as a reminder for American decision-makers and, hopefully, help them better think about the negative impacts of the prices they have imposed, Zhou said.
Hu Qimu, Deputy Secretary General of Digital-Real Economies Integration Forum 50, said on Tuesday that the United States for the United States’s additional prices will produce short-term shock to the industrial channel and global supply of its Distortion induced by prices, fueling inflation pressure for the United States.
In addition to the two responses on American pricing increases on Chinese products, China also announced three measures directly or indirectly linked to American companies on Tuesday.
MOFCOM and the general customs administration have announced export controls on tungsten and other related items, imposing export controls on 25 rare metal products and their technologies, including ammonium paratungstate, which is in force Tuesday, according to an advertisement published on the Mofcom website.
Mofcom also announced Tuesday that it added two American companies, PVH Group and Illumina Inc, to the list of unreliable entities in the country.
The two entities violated the normal principles of market trade and dismissed regular trade with Chinese companies and adopted discriminatory measures against Chinese companies, seriously harming the legitimate rights and interests of Chinese companies, announced the ministry, adding that This decision aims to protect national sovereignty of national sovereignty, security and development interests.
The China State administration for market regulations said on Tuesday that it had launched an investigation into Google for alleged violation of the country’s anti-monopoly law, noting that the investigation had been launched in accordance with the law.
Wu Chenhui, an independent analyst who closely follows the critical mineral industry, said in the media on Tuesday that increased export controls on rare metals could potentially have an impact on the US high -tech and defense industries , which depend very important on imports. “He highlights the ingenuity of the Chinese government’s toolbox to respond to the United States’s unilateral decision,” said WU.
Huo Jianguo, Vice-President of China Society for World Trade Organization Studies in Beijing, told the media on Tuesday that placing additional prices on Chinese products would not help the United States to solve its own problems, including the crisis fentanyl. These problems can only be resolved by dialogue and cooperation, Huo said.
Analysts have warned that Unilatalalalam and the protection of US shuttles will have Ordone Trade and Global Growth.
“Such uncontrolled actions will only disaster on economic growth and world trade,” said Huo.
Zhou said that there are different alternatives to solve fentanyl problems rather than handling a tariff stick, while dialogue and cooperation can give better results by attacking the problem of fentanyl.
