- China retaliated with prices on American products after Trump doubled the samples from Chinese products.
- China targets imports of American agriculture, including soybeans, pork and beef.
- Beijing’s targeted approach shows that he is trying not to degenerate the trade war too much.
China quickly retaliated against the new prices of the Trump administration on Tuesday, showing that Beijing is not in a hurry to conclude an agreement on the trade war.
New Beijing measures occurred less than an hour from American prices against Chinese products, which doubled from 10% to 20% to 12:01 p.m. on Tuesday.
In retaliation for levies, Beijing announced additional tariffs of 10% to 15% on certain American imports from March 10.
They include 10% of prices on imports of soy, pork and beef and 15% on imports of chicken and cotton, according to the Ministry of Commerce.
Beijing has also targeted American agricultural In China, when US President Donald Trump began the trade war during his first mandate.
Beijing’s quick response Tuesday – recalling Beijing’s quick response on February 4 against the first slice of American prices – is an indication that the administration of Chinese chief Xi Jinping was prepared for movements.
The markets in Asia were far lower at the start on Tuesday Due to concerns about the impact of trade war. But losses were limited because investors were already prepared, analysts said.
The Nikkei 225 of Japan closed 1.2% lower after falling up to 2.7%. The Hong Kong Hang Seng index closed 0.3% drop and CSI 300 from China has ended a little change.
Chinese measures have also appeared contained, Gary NG, principal economist at Natixis, told Business Insider. He said Beijing has stuck to his “Reprisal Game Book”, similar to the movements he used on February 4. Last month, the country announced prices on certain American products and imposed export controls and market access restrictions on certain companies.
The answer focused on Beijing agriculture always seems to be more on posture than to cause significant disruptions to the economy in general, a market strategist at IG, an online trading supplier, told Bi Bi Jun Yeap.
“We have to keep in mind that the United States has imposed prices for all exports from China, while China only retaliated on a small part of American exports to China,” Zhiwei Zhang, president and chief economist of the management of PinPoint management based in Hong Kong on Tuesday.
However, Zhang seems prudent on the complacency of investors.
“I think the market underestimate the potential damage to trade wars on the world economy,” he wrote.
In addition, Beijing announced Tuesday that it would prohibit the Californian biotechnology company Illumina from selling gene sequencing products in China to “protect national sovereignty, security and development interests”.
Beijing has also added 10 American companies to a list of unreliable entities and double -use export controls imposed on 15 American entities.
Deep trust is to support China
The Chinese markets were recently supported by a renewed interest in its technological actions after the meteoric rise of Deepseek.
During a press briefing on Monday, Scott Kennedy, a specialist in China at the Center for Strategic and International Studies, said that China believed that it was “much better” than in Trump’s first term. Due to significant technological advances, Beijing is not “desperate” for a Trump agreement, he said.
“If they will conclude an agreement, they want it to benefit China and not just a one -way list of Beijing concessions in Washington,” Kennedy said.
Trump doubles on the prices, just as Beijing has its annual political meetings of the Congress of the National People and the Political Advisory Conference of the Chinese people called “two sessions”.
Investors take care of signs that China will intensify recovery measures in the middle of increased trade tensions, prolonged economic slowdown at home and low domestic consumption.
Chinese Prime Minister Li Qiang should publish the government’s work report on Wednesday which is planned to Details The main priorities of the policy and reveal the target of GDP of 2025 from China.
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