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On April 11, China imposed 125% tariff on American goods, in response to which Trump has imposed a new tariff.
The tariff war between the US and China has moved forward. The US has now imposed 100% more tariffs on China. With this, the total tariff on Chinese goods has increased to 245%.
On April 11, China imposed 125% tariff on American goods, in response to which Trump has imposed a new tariff.
Earlier, China had said that now it will not respond to any additional tariffs imposed by the US.
China had said- American tariffs violate international rules
On April 11, China said that unusual tariffs imposed by the US severely violate the international and economic trade rules. This is a completely unilateral pressure and a policy of bullying.
China also said that even though America may increase the tariff even more, it will not mean any meaning now. Finally, he will become a character of laughter in the history of Global Economy.
Xi Jinping said- China is not afraid of anyone
Chinese President Xi Jinping has made a statement for the first time amid a growing tariff controversy with the US. He said that China is not afraid of anyone. China’s development in the last 70 years is the result of hard work and depending on itself.
Jinping said-
China has never rely on the donation of others. Nor is it ever scared of someone’s force. No matter how much the world changes, China will not worry.
Jinping said that there is no winner in the trade war. Going against the world means going against itself. Jinping said these things during the meeting with Spain’s PM Pedro Sanchez. Sanchez arrived on a tour of China on Friday.
Sanchez is the first European leader to go to China after announcing Trump’s tariff. He has gone to China three times in the last 2 years. Sanchez also criticized Trump for the tariff.
He said on 8 April that Europe would be forced to find new markets due to Trump’s tariff. In addition, both European country and China will consider improving their relations.
China is insisting on increasing new industry and innovation
China has government bonds of about 600 billion pounds (about $ 760 billion) in the US. This means that China has a great force to influence the American economy. At the same time, China has also started its preparation.
China has given an additional $ 1.9 lakh crore loan to the industrial sector. This intensified the construction and upgradation of factories here. Huawei has opened a research center for 35,000 engineers in Shanghai, 10 times larger than Google’s California headquarters. This will speed up technology and innovation capacity.
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