China reveals US tariffs and Google Investigation In response to Trump Levies | Donald Trump

Donald Trump has fired the opening of Salvo for his trade war and introduced customs duties on China on Tuesday, triggering immediate retirement from Beijing, in the midst of fear of global economic consequences.

Moments after US 10% tariff rates came into force, China quickly announced an anti-thrust study of Google. China’s Finance Ministry also announced 15% duty on coal and liquid natural gas and 10% on crude oil, agricultural equipment, large shear vehicles and pickup trucks from the US.

China’s Ministry of Commerce and its Customs Administration said Tuesday that to “protect national security interests”, the country introduced export control on a fleet of critical minerals: Wolfram, Tellurium, Ruthenium, Molybden and Ruthenium-related objects.

The Ministry of Commerce also said it added the US companies PVH Group and Illumina Inc to its unreliable unit list and opened them for restrictions or sanctions without detailing what companies were accused of. PVH is a clothing company that owns brands, including Tommy Hilfiger and Calvin Klein. Illumina is a biotech company that specializes in genomic sequencing that recently collaborated with NVIDIA on health-related AI-tech.

“The unilateral introduction of Customs from the United States seriously violates the rules of the World Trade Organization,” said China’s Ministry of Finance in his statement announcing the retaliatory gap. “It is not only helpful to solve its own problems, but also harms the normal financial and trade cooperation between China and the United States.”

Earlier, the US president withdrew from the brink of a financial conflict with Canada and Mexico, but delayed threatened duties for another month after 11-hour conversations.

For exports from China, the United States has scrapped an exemption through which shipments appreciated for less than $ 800 have not been exposed to duties. Popular Chinese retailers such as Shein and Temu have been dependent on the exemption from selling cheap goods in the United States.

After a call with Mexico’s president, Claudia Sheinbaum, Monday, Trump accepted to postpone 25% tariff rates on Mexico – the latest of several delays – after she offered 10,000 of the country’s troops to her border to the United States.

Lecture with Justin Trudeau, the Canadian Prime Minister, also caused Trump to postpone 25% duty in the countryside. Canada implements a limit plan of $ 1.3 billion. Dollars, said Trudeau, and will designate a fentanyl -czar, list cartels as terrorists and “secure 24/7 eyes on the border”.

When the United States managed higher tariffs on China on Monday, the White House announced that Trump would talk to China’s President Xi Jinping later this week. Beijing previously promised to strike back with “countermeasures” and submit a legal case against the United States in the World Trade Organization.

Economists have warned Trump’s customs plans risk raising prices for millions of Americans, only weeks after he promised after he took office to “quickly” reduce them.

But by tackling journalists in the Oval Office on Monday, Trump maintained that tariffs were a “very powerful” means of both strengthening the United States financially and “getting everything else you want”.

Each country wants to agree on a way to avoid US tariffs, the president claimed. “In all cases, they will all make offers.”

Trump had admitted this weekend that they could cause “a little pain” in the United States. “Will there be any pain? Yes, maybe (and maybe not!), ”He wrote on social media. “But we will do America well again, and it will all be worth the price to be paid.”