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(Shanghai-AP) Jong Ho correspondent = As soon as China announced the release of the anticipated US tariff bombs, it immediately began to retaliate on the same scale and strength.
The US Department of Foreign Affairs and Trade has confirmed that the United States is fighting the trade war by imposing a 25% tariff on Chinese imports worth $ 34 billion. June 6th.
A Chinese Foreign Ministry spokesman, Lu Kang, said at a press briefing: "China has already imposed tariffs on certain products made in the United States.
A spokesman for Louis said: "The wrongdoings of the United States violated the rules of the World Trade Organization (WTO)," he said, "it will hurt the government." world trade order and shake the global market. "
As soon as the United States imposed tariffs, he said in a statement from a spokesman: "We have no choice but to fight to protect fundamental interests of the state and the interests of the people ".
As a result, China also imposed countervailing duties with 25% retaliation on 545 products, such as US $ 34 billion worth of agricultural products and automobiles, equivalent to the United States. United States.
China, which was caught in the US-led trade war, has suffered many economic hardships.
In slowing the average to six-hundred percent, investment growth, which was one of the engines of growth, has been slow.
In addition to decreasing exports, there is an import problem and it may be difficult to provide the materials needed to process the badembly and production. Foreign capital, attracted by decades of work, can be extinguished and affect the supply and demand of foreign exchange.
China's strategy response strategy "Do not let go, but until the end meets"
China's position is to avoid fierce competition, but if America wants it, it will go to the end. It seems to be taking a cautious stance on the possibility of a future compromise with the United States rather than punishing it with a pre-emptive strike.
The Chinese authorities have emphasized the two pillars of "opposing trade wars but not being afraid" and "trade wars make China face the end".
The measures taken to respond to US actions on the same scale and intensity are the result of this same trend.
Donald Trump recently took the position to mobilize qualitative measures as it was difficult to obtain a quantitative answer to the alleged rights of US President George W. Bush on the rights of $ 200 billion, $ 400 billion and $ 500 billion. of dollars.
A spokesman for the Chinese Ministry of Commerce, Gao Peng, said: "China has already completed its preparations for all measures." "If the United States signs tariffs, China will take comprehensive measures, including qualitative and quantitative, That will keep people's interests at bay."
There is also an internal will on the possibility of a long term.
Liu Tsuchuan, a trade negotiator and commander of China's Ming trade war recently said, "The trade war is actually a war to attack China," he said. "Let's see who can hold up until the end.Never, do not hesitate.
China, in particular, maintains the trend of reform and openness even amidst normal trade-offs in the United States and maintains stability in financial markets such as equities and foreign currencies, avoiding thus a new stimulation of the United States.
In this regard, the Chinese authorities recently issued a press release advising the state media to refrain from referring to the "China Manufacturing 2025" policy criticized by the Trump administration .
We strengthen our solidarity with the international community with regard to the United States.
In accordance with World Trade Organization (WTO) market rules and anti-protectionism, Korea is showing signs of attraction of the European Union, of the Russia, Eastern Europe, India and Southeast Asia.
If Prime Minister Lee Kikchang is on his way to Germany and Bulgaria on the 5th, the day before the outbreak of the trade war, is the United States trying to negotiate cooperation with the European Union and the United States? Eastern Europe countries on The observations are coming out.
Wang Yi, Secretary of State for Foreign Affairs and Foreign Affairs, said in Vienna the day before that "China and the EU are the beneficiaries and protectors of the multilateral trading system." In the current situation, China and the EU are working We must protect the system together. "
It is interpreted that the Department of Commerce has recently called for the rapid conclusion of a Comprehensive Economic Partnership Agreement (RCEP) in the region.
China lowered the tariff rate of soybeans and rapeseed imported from five countries, including Korea and India, from 3% to 0% compared to the first of this month, although It aims to mitigate the shortage of soybeans, "
◇ "I have it ready" … The cards that China can use are
The Chinese government has been preparing for a long time against Sino-US trade relations that are intrinsic since the beginning of the Trump administration.
It is also said that China has enough lists of reprisals and that it is enough to get rid of one by one against American measures.
China's main retaliatory tariff list, focused on agricultural products and automobiles, targets the Midwest Palm Belt (agricultural zone) and the Trump Lustrine Belt.
However, as President Trump raised the tariff to $ 500 billion, China, which is much larger than US imports ($ 299 billion) in exports to the United States ($ 555 billion) will fight back on the same scale. It has become difficult.
In this regard, he is likely to take a series of measures to harbad the United States while discussing comprehensive measures, including qualitative measures.
Jin Rong, deputy director of the Department of International Relations of the People's University of China, said at a recent university conference: "China holds spleen weapons such as rare earths, US Treasury bonds and US companies based in China ". It will also be a loss for the Chinese economy, "he said.
China has already shown signs of withdrawal of other cards in addition to retaliatory tariffs.
There is a movement to delay the waiting time for the clearance of American fruits or automobiles, or to warn Chinese tourists to go to the United States.
Recently, a Chinese court ordered Micron, a US semiconductor company, to suspend its sales in China.
Therefore, it is also possible to seriously use non-tariff barriers, using American companies that have entered China as hostages.
It slows the customs inspection of US imports, increases the intensity and frequency of US capital surveillance, slows recordings and makes it difficult for US companies to conduct business locally in China.
But Gao said at a regular briefing the day before: "The Chinese government will help protect the legitimate interests of all foreign companies in China and help mitigate the impact of trade wars."
Although boycotts of American products like Apple and Google are predicted, the Chinese authorities are drawing a line on the systematic boycott that can stimulate emotionally.
In addition, measures to mitigate the sanctions against North Korea are considered one of the retaliatory measures against trade wars, but their use is very low
.
If China tries to sell US Treasury bonds, which account for about 8% of the US public debt, this could hurt the US economy, but this could have a significant impact on national economies.
The Chinese authorities' policy is to react cautiously to countermeasures, fearing that countermeasures against such counter-attacks and retaliatory actions will further reinforce public aggression because of the strong opposition to the states. -United.
There is also a prospect that both countries are likely to jeopardize through the fourth round of trade negotiations after they have competed with tariffs on the first $ 34 billion.
In the end … Chinese counter-attack on an American tariff bomb [https://youtu.be/2bk4BmLJeuw]
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