The new 34% rise to 84% of United States products from the United States that arrive in China came into force at noon at the local time (05:00 in Lisbon), in a new episode of the trade war.
The increase, announced the day before by the Chinese Ministry of Finance, is Beijing’s response at the additional 50% rate announced on Tuesday by US President Donald Trump, who raised the total rates charged on Chinese products to the US market to 104%.
Following the Beijing announcement, Trump has increased rates over China again to 125%, with immediate effect, while declared a 90 -day truce in the application of most rates on the remaining countries of the world, announced on April 2.
To date, China has not yet announced its reaction to this new increase.
In addition to the increase to 84% of US products rates, China added 12 new US companies to the export control list, including manufacturers of engineering equipment and companies, some of which related to non-manned air vehicles (Novotech), Marvin Engineering Company (Echodyne).
In addition, he added six other companies to the list of unhealthy entities, including military equipment suppliers such as Cyberlux and Sierra Nevada.
These restrictions aim to prevent the trade of civil and military articles from “double use”, the Ministry of Commerce stressed in a statement.
Beijing has guaranteed that he will “fight to the end” and have “a firm will” and “abundant resources” to respond “with determination” if the United States insists on “further intensifying its restrictive economic and commercial measures”.
By announcing the last response, the Ministry of Finance said Trump’s rates “seriously infringe China’s legitimate rights and interests” and “seriously undermines the rules -based multilateral commercial system.”
