- China urges us to end threats, to engage in equal and respectful talks.
- The White House said Ball was in the Chinese court to resolve the commercial dispute.
- The Chinese economy increased by 5.4% in the first quarter while exporters precipitated the orders in front of the prices.
Wednesday, China denounced Washington’s tariff climbing after the White House revealed that the samples from certain Chinese products reached 245%, saying in the United States to stop its pressure tactics and its intimidation. The White House declared Tuesday in an information sheet that these prices were “the result of its reprisal actions”.
According to the Oval Office, it is up to Beijing to make the first development towards the implementation of the dispute, which economists warn can cause a global recession.
“The ball is in Chinese court. China must conclude an agreement with us. We do not have to conclude an agreement with them,” said a Trump statement, read by press secretary Karoline Leavitt.
President Donald Trump slapped new prices on the friend and the enemy, but has reserved his heaviest blows for China, with new samples up to 145% on many Chinese imports, even if Beijing retaliated with tasks on American goods of 125%.
“If the United States really wants to solve the problem by dialogue and negotiation, it should stop exerting extreme pressure, ceasing to threaten and blackmail, and speak to China on the basis of equality, respect and mutual benefits,” said the spokesman for the Ministry of Foreign Affairs, Lin Jian.
“The position of China was very clear. There is no winner in a tariff war or a trade war,” said Lin, adding: “China does not want to fight, but it is not afraid to fight.”
The Beijing Ministry of Commerce said on Wednesday later that it “noted that the cumulative prices on certain individual Chinese exports to the United States had reached 245% under various designations”, without detailing the scope of affected products.
“The United States has instrumentalized and armed prices at a completely irrational level,” said the ministry, adding that China “would ignore the game of the United States’s pricing numbers.”
The Republican initially imposed 20% tariffs on imports from China for its presumed role in the fentanyl supply chain, in addition to the rights of previous administrations, then added 125% on business practices that Washington judges unfair.
However, its administration has received a reprieve for certain technological products such as smartphones and laptops.
Chinese growth
China said on Wednesday that its economy increased by 5.4% in the first quarter, while exporters rushed to withdraw goods from the factory doors before the American samples.
“The climbing which takes place in April will be felt in the figures in the second quarter, because the prices will send businesses in the United States which turn to other suppliers, preventing Chinese exports and slamming the brakes on investment,” said Heron Lim of Moody’s Analytics to AFP.
The envoy for the Japan talks scheduled for Washington on Wednesday said that it was optimistic of a “win-win” result for the two countries.
Ryosei Akazawa, who was to meet the American secretary of the Treasury, Scott Bessent, said that he “would protect our national interest”.
The automaker Honda said on Wednesday that it would move the production of its hybrid civic model from Japan to the United States, although this represents a very small part of its world production.
The justification for the decision “is not a single problem,” said a spokesperson for the Japanese firm. “The decision has been based on business policy since its foundation that we produce cars where the request is.”
South Korea, another major exporter, in particular semiconductors and cars, said that the Minister of Finance Choi Sang-Mok would meet next week.
“The current priority is to use negotiations as much as possible … to delay the imposition of reciprocal prices and to minimize uncertainty for Korean companies operating not only in the United States but also in the global markets,” said Choi on Tuesday.
Trump has imposed high import rights from China since the start of the year, alongside its “basic” 10% tariff on many American business partners.
Its administration has recently expanded its exemptions from these prices, excluding certain technological products such as smartphones and laptops from the global tariff of 10% and 125% tax on China.
Flea actions across Asia fell after Nvidia said he expected a $ 5.5 billion due to a new American license requirement on the primary chip that she can sell legally in China.
Trump also ordered an investigation Tuesday which could lead to prices on critical minerals, rare metals and associated products such as smartphones.