Struck by the United States with a surcharge of 145%, China replicates again by announcing carrying its customs surcharge on American products at 125%. Are we heading for a global economic shock? © Ton Molina/Bloomberg/Getty Images – Xi Jinping Chinese regime launched a new customs offensive against the United States. Save save Receive Beijing Trade War Riposte again. China announced this Friday, April 11, bringing its customs surcharges to 125%of American products, a new escalation in the trade war between it in the United States and which continues to have the world markets. “The taxation by the United States of customs duties abnormally high in China constitutes a serious violation of the rules of international trade,” said the Customs Rights Commission of the Council for State Affairs, which deplores a “unilateral intimidation and coercion” practice, according to a statement published this Friday by the Chinese Ministry of Finance. “As at this level of tariffs, the American products exported to China Possibility of being accepted on the Chinese market, if Washington continues to increase its customs duties, “China will ignore it,” she continued. The uncertainty generated by Donald Trump’s policy continues to plunge the dollar, which touched a lower on Friday against the euro in more than three years. Read also: Donald Trump customs duties: Beijing Riposte with record from 125% record a freezing of 90 -day European stock markets, which had been the only on Thursday, left in the red after the announcements of Beijing. In Paris, the CAC 40 fell 1.1%, the Frankfurt Stock Exchange fell 1.6%, that of London by 0.4% and that of Milan of 1.5% around 9 a.m. GMT. In the wake of New York the day before, the Nikkei star index of the Tokyo Stock Exchange ended the week in a decline of 2.95%. On Wednesday, Donald Trump announced the freezing for 90 days of punitive surcharge which he had just imposed on 60 business partners, the time to complete negotiations with Washington. However, the United States has maintained 10% floors and surcharges of 25% since early April on steel, aluminum and automobile, especially against the EU. China was finally struck by a monumental surcharge at 145%. During a meeting on Friday with Spanish Prime Minister Pedro Sanchez, Chinese President Xi Jinping called on the European Union to “resist together” in the face of the Donald Trump trade war. Read also: Customs rights: in 24 hours, Donald Trump returns the Table The EU suspends his response “China and the EU must assume their international responsibilities, jointly protect economic globalization and the international commercial environment and resist all unilateral coercion together”, launched Xi Jinping in Beijing. At the end of this meeting, the Spanish Prime Minister said to the press that “Spain and Europe have an important trade deficit with China that we must strive to rectify”. But “we must not let trade tensions hinder the growth potential of relations (…) between China and the EU”. The French president Emmanuel Macron warned this Friday on X that the lowering of American customs duties to 10% was “a fragile break” and that “with the European Commission, we must be strong: Europe must continue to work on all the necessary countermeasures”. In the immediate future, the EU suspended his response, which Donald Trump deemed “very intelligent”. But if discussions with the United States fail, the European Commission could tax American technology giants, threatened by President Ursula Von Der Leyen. Read also: fruit juice, rice, meat: watch out for price increases on these American products Asian countries make a low profile “there is a wide range of countermeasures”, she said in the Financial Times, quoting “a tax on advertising revenues of digital services” and the use of “antico -king instrument”, nicknamed “Bazooka” and thought as a tool of deterrence. other Asian countries – dependent on their exports to the United States – Low profile. Like Vietnam and Cambodia, textile producers and members of the Association of Southeast Asia Nations (ASEAN), which said that it would not take retaliatory measures. Donald Trump was serene on Thursday by judging that “the transition will have a cost and will cause problems” but that in the end, “it will be a good thing”. The American president threatened Mexico again on new customs duties on Thursday evening. Read also: Customs fees: Calculation, amount and declaration His Minister of Finance Scott Bessent said for his part “nothing” to see “usual today” in the markets, while elected democrats estimated that the republican president had perhaps illegally manipulated them by encouraging the purchase of shares just before his flipper on Wednesday. Receive our latest news each morning, the information to be remembered on the financial markets. (Tagstotranslate) Trade war
