China will respond to American duties with tariffs in the amount of 125% – RT in Russian

China authorities announced an increase in duties on spacers of goods from the United States to 125%. The decision was made in response to a similar step by the American administration. Previously, Washington established large -scale imported tariffs against most of the state of the world to reduce his foreign trade deficit. Against this background, many countries expressed a desire to conclude a deal with the States, after which the White House postponed the introduction of duties for everyone except the PRC. Beijing said they would not succumb to threats and blackmail, and to protect their interests are ready to “fight to the end”. What can lead to a new trade war of the United States and China – in the material RT. China will raise duties on the import of American goods from 84 to 125%. On Friday, April 11, announced the Committee on Tariffs of the State Council of the PRC. As noted in the department, the decision will enter into force on Saturday and will become a response to the actions of the United States. “The introduction of the United States of extremely high duties against China is a serious violation of international trade and economic rules and contradicts the basic economic laws, as well as common sense. This is a completely unilateral practice of intimidation and coercion, ”the report said. Recall, back in the middle of last week, US President Donald Trump signed a decree on the introduction of a state of emergency in the country and on limiting the supply of goods from more than 200 states and territories. The head of the White House explained his decision by the threat of a growing trade deficit for national security and the American economy. In his words, for many years the states bought much more goods abroad than they themselves sold abroad, and this did not allow the country to increase production capacities and made the American military -industrial complex dependent from foreigners. Against this background, according to Trump, the introduction of tariff barriers could lead to the movement of production in the United States, which would create jobs and reduce dependence on external markets, and also help partially close the hole in the budget and reduce the trade deficit. Also on the topic “Serious Economic Test”: what global consequences can the Trump’s trade policy lead to US President Donald Trump announced the introduction of duties on pharmaceuticals and neglected about countries … from April 5, the American administration introduced import duties of 10%, and for the rest, it established individual trade barriers on the 9th on the 9th. For example, a 20%tariff rate began to operate from the European Union, 24%from Japan, 26%from India, 27%from Kazakhstan, 31%from Switzerland, 36%from Thailand, and 46%from Vietnam. To China, American duties were first set at 34%. In response to this, Beijing introduced a similar tariff for American goods, and then Donald Trump announced an increase in his rate to 104%. The Asian Republic reacted to this step, raising a restrictive level to 84%, and the head of the White House increased duties to 125%. Moreover, the American administration clarified that the total level of all introduced tariffs against China has already reached 145%. After a large -scale introduction of duties, more than 75 states turned to Trump to start negotiations to discuss the decrease or withdrawal of barriers. The American president initially ridiculed this behavior and stated that due to established restrictions, many countries “kiss him in the ass” and offer to do “anything” to conclude new trade transactions. Nevertheless, on April 9, the head of the White House ordered to postpone the introduction of increased tariffs for 90 days: during this period, for all countries except China, the level of 10%will operate. Gettyimages.ru © Costfoto/Nurphoto The decision to maintain duties for the PRC in Washington explained that Beijing supposedly “shows disrespect” to world markets and “tears the United States”. Nevertheless, Donald Trump believes that they also want to make a deal in the Asian Republic, and to discuss this issue, the American president is ready to personally meet with Chinese China Xi Jinping. “Let’s see how things will go with China. We would like to make a deal … I am sure that we will get along very well. I really respect the chairman of SI, he has been my friend for a long time, and I think that we can develop something that will be very good for both of our countries, ”TASS quotes Trump’s words. Sam Xi Jinping said that there are no winners in tariff wars, and“ if you are opposed to the world, you can be in isolation. ” At the same time, the Ministry of Commerce of the PRC said that they were open for negotiations with the American administration, but only if the dialogue would be conducted on equal terms and on the basis of mutual respect. As the department emphasized, Beijing expects to resolve the disagreements peacefully, but will not succumb to threats, pressure and blackmail, and if the United States “wants to fight, then China will fight to the end.” “Protectionism is a path to nowhere. If the United States will insist on its own, China will fight to the end, we will never tolerate excessive pressure and intimidation by the United States and take decisive measures to protect its legal rights, ”said the representative of the Ministry of HE YUNTSYAN.“ Someone must take the first step ”according to the Chief Customs Administration of the PRC, in 2024 the trade between China and the United States amounted to about $ 688.3 billion. The Asian Republic sold its goods to the states of its goods at $ 524.7 billion, and purchased American products only by $ 163.6 billion. The USA paying to eliminate this imbalance due to all higher duties and the simultaneous introduction of China mirror measures can result in serious consequences not only for both countries, but also for the entire global economy. This conclusion was reached by experts of the World Trade Organization. “The escalation of trade tension between the United States and China represents a significant risk of a sharp reduction in bilateral trade. According to our preliminary estimates, the turnover between these two economies can be reduced by as many as 80%… Particularly concern is caused by the potential fragmentation of international trade in geopolitical lines. The division of the global economy into two blocs can lead to a long-term reduction in the real GDP of the world by almost 7%, ”said the general director of the NGOZI Popji-Ivela. Similar assessment will adhere to Freedom Finance Global. According to RT by the analyst of the company Yuri Ichkitidze, the gap of trade ties between the United States and China will lead to a slowdown in the growth of both economies and global GDP as a whole. Nevertheless, the PRC has all the resources to stimulate domestic consumption and develop regardless of the United States, the expert is sure. “China answered American duties symmetrically, and Trump did not like it. He even publicly said that “such an answer is a mistake.” We do not think that the American president wants confrontation. Rather, he would like to sit down at the negotiating table with a profitable position for himself, but Beijing did not go to it, which is why the confrontation began. The PRC feels quite independent of the States, and therefore does not want to play according to the rules imposed by Trump, ”the RT interlocutor added. As a researcher at the international trade laboratory of the Gaidar Institute Dmitry Kuznetsov, China seeks to show that he only reacts to the US trade aggression, and to a certain extent calls for Washington to the dialogue. At the same time, the PRC authorities are not ready to act as, in the expression of Trump himself, the leaders of many countries receive – to line up for an audience with the American president, the expert noted. “Achieving agreement, of course, meets the interests of both states, but at the moment the United States and China do not demonstrate readiness for serious negotiations and, rather, expect the initiative to proceed from the opposite side. Such a strategy in the near future can lead to losses for both sides, and someone will still have to take the first step, ”Kuznetsov explained. Also on the topic “partially we can gain benefits”: how the US trade wars can affect the Russian rate of the United States against most countries of the world led to tectonic changes in international trade, the head of the Central Bank said … In his opinion, the compromise can be achieved if the States and China agree that access to each other’s markets should be approximately equal. However, this US administration will need to submit a more carefully worked out justification of its trade claims, and even in this case the coordination of positions on the entire range of goods will require considerable time, the specialist is sure. “The development of the situation will depend on further events. If the current conditions are preserved, then China will suffer more at the first stage, since the volume of supplies from the PRC to the States significantly exceeds the volume of American exports to the Asian Republic. As a rule, buying something is easier than selling, and replacing such a capacious market as American, China will not be easy. Probably, the business will begin to look for bypass tracks, which will also take time, ”suggested Dmitry Kuznetsov. There is a 10%duties for the rest of Trump for the rest of the countries, then Chinese goods will begin to enter the US market through alternative channels, but will be much more expensive to the American consumer. At the same time, the PRC itself now purchases mainly raw materials and near -suction goods from the States, which can be easily replaced by deliveries from other countries. With this scenario, the losses of both parties will be approximately comparable, Kuznetsov is sure. According to the Bitriver financial analyst Vladislav Antonov, in the event of a break in relations with the United States, China can sharply build up the purchase of grain, metals and hydrocarbons from Russia. At the same time, Beijing can begin to accelerate alternative financial instruments in the framework of the BRICS, which will also intensify the role of the ruble in the calculations, the expert believes. “Also, the PRC can redirect trade to the countries of the Eurasian Economic Union, and then we will temporarily receive an influx of cheap goods, and strengthening the calculations in the yuan and rubles will reduce dependence on the dollar. If China and other BRICS countries strengthen cooperation with Russia, this can create new niches for our exports and support individual industries, ”Antonov concluded in an interview with RT.

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