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The United States increased tariffs on Chinese imports Friday and Beijing announced an immediate response in a dispute between the world's two largest economies that US President Donald Trump said he was ready to intensify. taxes at 00:01 on Friday (Eastern time) on Chinese goods valued at $ 34 billion, a first step that could result in an exchange of accelerated increases.
China has adopted retaliatory measures that "came into effect immediately," Foreign Ministry Spokesman Hu Chunhua said on Friday. Hu did not provide more details, but Beijing had already said that this would correspond to White House actions by taxing 34 billion US goods, including soybeans, pork and electric cars.
Businesses fear the dispute will slow growth in the global economy. but Asian financial markets reacted calmly to Friday's events.
Japan's leading stock index, the Nikkei 225, gained 1.1%, while the Shanghai Composite Index rose 0.5% and Hong Kong's Hang Seng, down 0 , 8%
Trump told reporters that he traveled with him Thursday to a campaign event in Montana that in two weeks, a new tax increase will be applied to Chinese products rising in 16 billion After that, hostilities could intensify: Trump said that the United States was willing to tax Chinese imports worth an additional 200 billion euros. If Beijing does not give in to Washington's demands and continues to fight back
it could push China's total goods to $ 550,000 million – more than the US $ 506,000 million exported by the United States to the United States . Last year
The Trump government alleges that China has deployed predatory tactics in its attempt to overthrow US technological dominance. These formulas include cyber-thieves and force US companies to return their technology in exchange for access to the Chinese market.
The Chinese authorities reject the theft charges and say that no foreign company is obliged to share its technology. But automotive industry standards, among others, are forcing companies to work with public partners, forcing them to share their knowledge with potential competitors.
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