By Elaine Kurtenbach, business writer AP
Bangkok (AP) – China retaliated with a strong import tax on American products, countries and industries around the world weighed their responses to the latest pricing increases Donald Trump who are going around global trade and global markets.
On Friday, China has taken the laminate by imposing a rate of 34% from April 10 on imports of all American products, corresponding to the 34% additional imposed on Wednesday by Trump on Chinese imports as well as increased prices on other countries and the main business partners.
Trump was quick to criticize Beijing’s decision. “China has played badly, they have panicked-the things they cannot afford to do,” he wrote in an article on social networks, adding: “My policies will never change. This is the ideal moment to become rich.”
Countries adopted different approaches because they were looking for a way to deal with the potential disruption of trade and supply chains. The president of Taiwan promised to support the most vulnerable industries in 32% prices that Trump ordered in his reciprocal pricing announcement of the “Liberation Day”.
Vietnam, where the United States is a large trading partner, said its Deputy Prime Minister would go to the United States for trade in trade.
Some, such as the head of the European Commission of the EU, promised to retaliate while promising to improve the book of rules for free trade. Others like Great Britain said they hoped to negotiate with the Trump administration for relief.
Ride
As with the premises prior to American commercial penalties, Beijing retaliated with targeted action, as well as its universal rate of 34% on all products in the United States
The Beijing Ministry of Commerce said it would impose more export controls on rare land, which are materials used in high -tech products such as computer flea and electric vehicle batteries. The list included Samarium and its compounds, which are used in aerospace manufacturing and the defense sector. Another element called Gadolinium is used in MRI.
China customs administration said it had suspended chicken imports from two American suppliers, Mounta Farms of Delaware and Coastal Processing. He said Chinese customs had repeatedly detected Furazolidone, a drug prohibited in China, in the expeditions of these companies.
In addition, the Chinese government said it added 27 companies to the lists of companies subject to commercial sanctions or export controls.
To make a good measure, China has also filed a complaint with the World Trade Organization, claiming that American prices were “a typical practice of unilateral intimidation which endangers the stability of the global economic and commercial order”.
Enter the day
India was affected by a tariff rate of 26%, less than 34% for Chinese exports and 46% for Vietnam. His commercial ministry that he “studies the opportunities that may arise due to this new development in American trade policy”. He indicated that discussions were underway on a trade agreement, in particular “to deepen the integration of the supply chain”.
The United States was the largest trading partner in New Delhi in 2024 with a bidirectional trade estimated at $ 129 billion, according to American data. They set an ambitious objective more than to double their bilateral trade at $ 500 billion by 2030. Most pharmaceutical products and other drugs, important Indian exports to the United States, are exempt from reciprocal rates.
However, diamonds and other jewels, another major export industry, are subject to higher tasks.
Business groups said they considered a chance to improve India’s competitiveness. “At a time when global trade dynamics move quickly, Indian exporters must be equipped with good policies, strategies and support to compete effectively,” said SC Ralkan, head of the Indian export organization federation, in a statement.
We have to talk
Most American trade partners have stressed that they hope that negotiations could help resolve trade frictions with Washington. Japanese Prime Minister Shigeru Ishiba said he was ready to fly to Washington, in a last effort to prevent the 24% prices that Trump ordered exports from the largest American Asian ally.
“The global trade system has serious shortcomings,” the president of the European EU Commission, Ursula von der Leyen on Thursday. But she reprimanded Trump, saying that “the search for prices as the first and last tool will not repair it. This is why, from the start, we have always been ready to negotiate with the United States. ”
In Italy, Prime Minister Giorgia Meloni said on state television that she thought that 20% American prices on European exports were wrong, but “it is not a disaster that some people surrender. They ” said Meloni.
Vietnam Foreign Ministry of Foreign Ministry, Pham Thu Hang said Hanoi would continue to speak with the United States to “find practical solutions” because 46% of American prices threatened to decimate exports of shoes, electronics, textiles and seafood.
“If it is applied, a negative impact would have a negative impact on bilateral economic and commercial relations as well as the interests of companies and residents of the two countries,” said Hang in the comments cited by the media managed by the State, which reported that the Deputy Prime Minister and former Minister of Finance HO Duc Phoc was to visit the United States for commercial discussions next week.
A helping hand
Taiwan president Lai Ching-Te said that he would offer the “greater support” to the industries most affected by the new prices. Taiwan’s commercial surplus with the United States is relatively high in part because the island is a major source of computer flea and other advanced technologies. LAI said in a press release on its Facebook page that “we believe that this is unreasonable and that we are also worried about the subsequent impact that these measures can have on the global economy.”
Lai said he had asked Prime Minister Cho Jung-Tai to work closely with industries that are affected and communicate with the public about their plans to stabilize the economy.
The head of Japan Ishiba and other governments also said that they were preparing countermeasures to help industries cope.
Likewise, Von der Leyen said that the EU consulted steel and car manufacturers, pharmaceutical companies and other industries on how to give them more “respiratory space”.
Look elsewhere
Trump’s decision to lift prices strongly on countries covering the globe is “self-deficit,” said Wang Huiyao, president of the Think Tank Center for China and Globalization, in an interview.
The last prices impose heavy burdens on certain countries in Latin America, the Middle East, Africa and Asia.
It is a trade war with the world, Wang said, while China’s strategy is to negotiate more with Southeast Asia and Latin America, with Europe, the Middle East and other developing countries.
“The probable result is that China will become the largest commercial nation and that its economy will be negotiated more with other nations and that the United States could … become more isolated,” said Wang.
Europe will endeavor to build more bridges and, as a regional economic block of 450 million people, larger than the United States, it also has its own enormous market, said Von Der Leyen, the president of the EC.
The EU is its own “security port during the tumultuous period,” she said.
Journalists from around the world have contributed.
Originally published:
California Daily Newspapers
