The United States and China are in conflict over tariffs. The photo shows President Donald Trump and Chinese President Xi Jinping at the 2019 G20 Summit. Reuters=Yonhap News
, ” Chinese state media unveiled the ‘six major countermeasures’ against the Trump administration’s warning of an additional 50% tariff on China, which include significantly increasing tariffs on American agricultural products, halting the import of livestock products, and investigating U.S. companies. “,
, ‘ The social media account ‘New Tan Chin’ operated by the state-run Xinhua News Agency reported on the 8th, “We have heard some of the latest news about specific retaliatory measures against U.S. tariffs,” saying “China has prepared at least six counter ploys.” ‘,
, ‘ It noted that a significant increase in tariffs on U.S. agricultural products like soybeans and sorghum, as well as a prohibition on poultry imports due to avian influenza, are under consideration. ‘,
, ‘ On the 2nd, after the Trump administration announced a 34% reciprocal tariff on China, the Chinese government on the 4th suspended export qualifications for six American companies related to sorghum and poultry due to quarantine issues, indicating the possibility of expanding such measures. ‘,
, ‘ Additionally, the media reported that there might also be measures in the service sector, such as restricting U.S. companies from participating in procurement within China and cutting off business cooperation like legal advice. It added, “The U.S. has had a long-standing deficit in service trade with China, and the reciprocal tariffs by the U.S. government will undoubtedly put the current large-scale American service exports at serious risk.” ‘,
, ‘ Furthermore, it is considering investigating the situation of some U.S. companies enjoying substantial monopoly profits in China securing intellectual property rights within China, and reducing or banning the import of American films. ‘,
, ‘ It was also mentioned that cooperation between the U.S. and China on synthetic narcotics like fentanyl, which Trump used as a justification for imposing tariffs on China, may be halted. ‘,
, ‘ President Trump stated in a post on social media platform Truth Social that if China does not withdraw its retaliatory 34% tariff against U.S. reciprocal tariffs by the 8th, the U.S. will impose an additional 50% tariff on China, which will take effect from the 9th. ‘,
, ‘ President Trump further declared that if China does not accept his demands, any dialogue requested by China will be canceled, and negotiations will be pursued with countries subject to reciprocal tariffs, excluding China. ‘,
, ‘ On that day, the Chinese Ministry of Commerce issued a statement through a spokesperson warning, “If the U.S. insists on its own way, China will undoubtedly fight to the end,” while urging, “We hope to resolve differences appropriately through equal dialogue based on mutual respect.” ‘,
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