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China reacted strongly to the announcement by the United States of new tariffs against imported Chinese products, accusing Washington of "commercial harbadment" and reported that it would take countermeasures, although only for the moment without giving details. tariffs on Chinese imports worth $ 200,000 million have a much larger reach than the $ 34,000 million last week and deepen the trade war between the two economic superpowers .
"The performance of the United States is typical of commercial intimidation," said a spokeswoman for the Foreign Ministry, Hua Chunying, who added at a press conference that Washington "has lost common sense and is very dangerous". [19659002] Earlier, the Chinese Ministry of Commerce issued a statement in which it considered "totally unacceptable" the measure of the Donald Trump government and a He added that Beijing would take "necessary countermeasures".
According to the statement, China will file a new complaint with the World Trade Organization (WTO) to denounce what it calls a "unilateral behavior" of the United States. At the same time, he called on the international community to work together "in defense of free trade and the multilateral trading system, and to jointly reject the US trade hegemony".
produced a few days after the first stages of the trade war between the two major economic powers took place last Friday.
First, the United States approved a series of duties on imported Chinese goods worth US $ 34,000 million, and immediately after, China responded with a similar measure for the same value to US products (mainly agricultural).
See also: China vs. the United States: 6 graphs explaining the dimension of "the greatest commercial war of history"
Beijing has not yet detailed the measures to which it will respond, and could be new tariffs, but also "non-tariff measures", which can be very broad and often not officially announced.
In recent weeks, some US products have been subject to additional border controls
Another possibility advanced by some badysts is that China freezes the permits or licenses granted to US companies in this market or halt the delivery of products already ordered, such as Boeing's pbadenger aircraft.
General Motors or Apple sell more in China than in the United States.
The foreign spokeswoman recalled that two-thirds of Chinese technology exports on products of foreign companies manufactured in this country, so "the trade war will harm the interests of both countries". "The United States has shot itself in the foot," insisted Hua Chunying
The announcement of the United States also created a new wave of uncertainty in the Asian financial markets, with widespread declines in the Tokyo and Hong Kong stock markets. Seoul and Shenzhen, although they were stronger in the morning and then partially recovered.
For example, the Hong Kong benchmark, the Hang Seng, lost 8.85% over the past month.
Source: EFE
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