China bings, 84 percent duty on US products
Increasingly angry with commercial conflict between China and the United States: For a while now each other is followed by economic response, which are getting higher and higher duties. Shortly after Donald Trump’s 104%duty against China came into effect, the latter also raised the customs.
Beijing announced on Wednesday that he would raise 34%duties to 84%for some products. The customs increase enters into force on Thursday, April 10, 2025 and covers all imports from the United States.
China also complained to the World Trade Organization (WTO) in response to American imports and has been sanctioned by several American companies, writes MTI.
According to the Chinese Ministry of Commerce, twelve American entities have been added to the export control list, prohibiting them from exporting double -used products. Six additional companies have been placed on the list of unreliable organizations, forbidding Chinese import and export activities and new investments.
China fights to the end
The Chinese Ministry of Commerce has made it clear that the United States’ measures are in violation of the WTO rules and the country will strongly protect its economic interests. On Tuesday, the Chinese Ministry of Commerce said that China would « fight to the end » for the United States and introduce further countermeasures if US President Donald Trump redeems his threat to another 50 percent increase.
The commercial battle was already felt by the Asian stock exchange. The Index He writes that the Japanese Nikkei index fell by more than 3 percent and the Hong Kong stock exchange fell by 3 percent. And South Korean von sank to a long time ago: 16 years ago it was not so weak compared to the US dollar.
In addition, Australian stocks have lost their value, while Taiwanese shares fell 5.8 percent. And the Chinese yuan reached a historic low against the dollar.
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There is that has been rose
However, there are exceptional cases that have begun to grow despite Trump’s 104%duty. This is due to the fact that Beijing would intervene. The SSE Composite index in Shanghai increased by 1.1 percent, the Shenzeni SE Composite rose 2.2 percent. In addition, the Sound Seng Index fell only 0.4 percent in Hong Kong.
One day ago we reported that Donald Trump did not go into the In the European Union’s bargain with mutual duties connection, instead of a He came up with a new plan.
