China will impose up to 15% duties on US imports while appealing to the World Trade Agency against US duties
The Ministry of Finance of China announced on Tuesday that it will impose duties 15% on carbon and liquefied natural gas (LNG) imports from USA and 10% duties in oil, agricultural equipment and some cars, starting on February 10.
Beijing’s announcement comes after Washington’s extra 10% implementation to all Chinese products imported into the US market, without any exception, by President’s decision Donald Trump.
China reiterated that additional 10% duties imposed by US President Donald Trump on Chinese products ‘They seriously violate the rules of the World Trade Organization’according to the announcement.
In a separate announcement, officials from the Chinese Ministry of Commerce and Customs announced that they would impose checks on tungsten, telurio, rutinium and molybdenum.
It is noted that Trump agreed Monday to a 30 -day cessation of the implementation of 25% scheduled duties to imports from Canada and Mexico, as the two countries agreed to take measures to prevent the illegal trafficking of fentanyl drugs in the US.
As Trump began his second term, he ordered his government to investigate Beijing’s compliance with the trade agreement concluded during its first presidency in 2020. The final evaluation will be delivered to Trump until April 1, possibly setting the Findings for further duties on tariffs, economists said according to CNBC.
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China also announced that it has filed an appeal to the World Trade Organization after a 10% increase in customs duties for Chinese products.
“China, in order to defend its legitimate interests, has lodged an appeal against US customs duties before the World Trade Organization’s dispute settlement mechanism.”The Chinese Ministry of Commerce said in a statement.
China will launch a Google research on antitrust practices
China has announced today that an investigation is being carried out on a violation of its antitrust legislation against Google, a American giant of technology, on the same day that additional US duties were implemented in all Chinese products imported into the US and announced Chinese.
“At the expense of Google there are suspicions that it has violated antitrust legislation”he said state -owned state -owned service, adding that “Starting research” at the expense of this colossus “as the law provides”.
Source: Skai
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