Mark R. Cristino / EPA
At a time when Canada and Mexico successfully try to wage US tariffs, China adopts a different strategy: there are no agreements, it’s time for commercial war.
China today announced the opening of an investigation on Google and imposed new rates on a number of US products, hours after President Donald Trump has applied a 10% rate to Chinese products.
China goes investigate the American technological giant for alleged Violation of ‘antitrust’ laws (monopoly practices) Chinese, according to a state administration statement to regulating the country’s market.
Beijing also announced Application of 15% rates sObre the coal and liquefied natural gas (LNG) and 10% over the oil and agricultural equipment from two United States.
“The unilateral imposition of customs rights by the United States severely violates the rules of the World Trade Organization,” the Chinese Ministry of Finance said in a statement announced the imposition of retaliatory tariffs. China has guaranteed over the weekend that it will submit a complaint to the WTO.
“Not only is it useless to solve their own problems, but also undermines normal economic and commercial economic cooperation between China and the United States,” the Chinese government added.
China’s measurements were taken almost immediately after the application of US tariffs.
Canada and Mexico with a month of “clearance”
Washington’s decision regarding China contrasts with the situations of the Mexico and Canadain which both nations obtained a postponement from the imposition of 25% rates for a month, after reaching separate agreements with Donald Trump.
In the case of Mexico, the agreement was announced this Monday by the country’s own president, Claudia Sheinbaum: A month without tariffs In exchange for sending 10,000 military personnel to the border to try to combat the drug cartels they traffic to the US.
In addition, the two countries will even cooperate economically, creating two working groups, one about safety and one about trade.
According to the Mexican president, the deal will also include US action to prevent high -power trafficking for Mexico. But the information was given unilaterally – Trump did not mention this part of the agreement.
Canada, according to the, also got a month without tariffs, in exchange for implementing a border expenditure plan worth $ 1.3 billion Canadian, ie 870 million euros. This includes the cost of two Blackhawk Extra, 60 US -made Blackhawk helicopters in the US and other technical equipment.
Canada will also send about 10,000 military personnel to the border and invest in attempts to lock drug cartels on the border between the two countries.
Drugs, coins and increasing tension
Last Saturday, Trump appealed through an executive order to the Communist Party of China to prevent criminal organizations from facilitating the Illicit drug flow for two United States.
The reopening of the trade war between the United States and China reverberated in the performance of the Chinese currency in the ‘offshore’ markets, where Yuan fell 0.3% to $ 7,3340 following the announcement of retaliation.
Google search and internet services for consumers have been unavailable in China since 2010, although the company has maintained operations in the country, especially around its advertising business.
The United States supplied about 6% of China’s LNG imports last year, according to ships location data.
Over the weekend, the US Administration leader ordered the application of a general rate on Chinese imports, which came into force from today’s midnight in the United States, due to what Trump justified as Beijing’s failure in preventing the flow of illegal drugs.
The executive orders of the new White House tenant included retaliation clauses that would increase customs rights if countries responded the same way.
