China imposes tariffs on America after Trump’s decisions

BEIJING, Feb. 04 (YPA) – China has announced new trade measures in response to tariffs imposed by the administration of US President Donald Trump.

The move comes amid ongoing trade tensions between the two countries, where Trump considered competition with China a key point of his foreign policy.

Last week, Trump decided to impose an additional 10 percent of tariff on all goods coming from China, citing a national emergency he sees as stemming from drug smuggling and illegal immigration.

The new decisions also include Canada and Mexico, which have made concessions on border security to reduce trade tensions.

In response to the decisions, China imposed additional tariffs on some US products immediately after the US tariffs took effect, including 15 percent of customs fees on coal and liquefied natural gas, and 10 percent of tariff on crude oil, agricultural machinery and some vehicles.

Regarding Trump’s decision, the Chinese Ministry of Finance described the decision as a “serious violation of WTO rules” and “harm to the normal economic and trade relations between China and the United States.”

The Chinese Ministry of Commerce also announced that it would file a formal complaint with the World Trade Organization in protest against the US tariffs.

In addition, the Chinese government decided to impose a licensing system for the export of some products containing tungsten, tellurium, bismuth, molybdenum, and indium.

AA