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China will impose a tariff on the imports of natural gas, coal, coal, and agricultural equipment and opens the fight against the fight against Google while it is in retaliation for the imposition of Donald Trump for 10 percent on its exports.
China has announced the customs tariff, which ranged between 10 percent to 15 percent and will be in effect on February 10, as the new US tax entered into midnight on Tuesday in Washington, and the second round of the trade war that started during the first began Trump’s presidential term.
China has also said it will impose a tariff on some auto exports from the United States and announced additional export controls on rare minerals.
Trump has disturbed allies and investors by announcing the weekend from the huge fees in Canada, Mexico and China, which he accused of not doing enough to reduce migration, the flow of deadly fentian and its sects in the United States.
But the customs duties against Canada and Mexico received a decrease at the last minute on Monday after talks between Trump, Canadian Prime Minister Justin Trudeau and Mexican President Claudia Shinbom.
Trump is expected to speak to Chinese President Xi Jinping in the coming days, pushing in the hope that the leaders will be able to throw a deal to avoid definitions.
The Hang Kong Index in Hang Sings rose by 3.3 percent on Tuesday before erasing some of its gains in the wake of the date for the tariff to exchange 2.3 percent.
Renminbi abroad lost previous gains and 0.1 percent weakening against the dollar to 7.32 yuan.
Brent raw prices, the international oil standard, decreased by 0.7 percent to $ 75.41 a barrel. West Texas, the American standard, decreased by 1.8 percent to $ 71.90 a barrel. Futures of natural gas decreased by 2.3 percent to $ 3.274 per British thermal unit.
US natural gas exports to China accounted for only 2.9 percent of total natural gas exports from January to November 2024, according to US Energy Information Management data.
The Chinese Finance Ministry said that the American definitions violated the rules of the World Trade Organization. The Ministry of Finance said: “It is not only not useful in solving its own problems, but it also undermines natural economic and trade cooperation between China and the United States.”
He added that American coal exports and LNG will face a 15 percent tariff, while crude oil, agricultural machines, large cars and reception will get a 10 percent tariff.
China’s anti -monopoly organizer announced on Tuesday an investigation of Google due to suspected violations of the anti -pregnancy laws.
While the search engine is banned in China, along with most of the work of the parent company Alphabet, the United States Group is a Chinese companies that are declared abroad. Chinese audio makers also use its Android operating system.
Alphabet does not explode its revenues from China, but the Asia Pacific region contributed 17 percent of sales in 2023.
Meanwhile, the China Ministry of Commerce said it imposes export controls on Tungstin and “25 rare metal products and technologies such as PARatungstate”, effectively effectively.
The Ministry of Commerce also put the PVH group, an American clothing maker with its commercial brands, Calvin Klein and Tommy Hilfiger, in the “unreliable entities list” in China, a black national security list.
The move was followed by an investigation by China in PVH for alleged discrimination against cotton from the Chinese western Shinjiang region, where Beijing is accused of human rights violations, including forced work.
The ministry said it was also adding the American biotechnology group ILUMINA to the “Sovereignty, Security and Development Interests” list.
While there was some optimism for an agreement in the coming days to alleviate commercial tensions, economists were doubtful.
“probability [an] “It seems that an agreement to avoid definitions is limited,” said Robin Xing, Chinese chief economist in Morgan Stanley. “Paths to cancel the escalation.. They remain tight and will require great concessions from both sides.”