‘Reply’ to the financial war that opened by Donald Trumpcausing global shock to the markets today, Friday (04.04.25) Chinain a first reaction to the duties imposed by the US president.
China’s finance ministry announced that will impose 34% additional duties on all US products from April 10 as a countermeasure to the sweeping duties imposed by Donald Trump.
Had preceded strict warnings of her China to Donald Trump saying that we will receive countermeasures to defend our interests.
The burden is astronomical for the Asian giant, as it has been targeted by 34% of its exports to its exports to the US, in addition to 20% customs duties already implemented by the Donald Trump government.
“China urges the US to immediately cancel unilateral customs duties and to resolve the differences with their commercial partners through an equal dialogue,” the Chinese Ministry of Commerce reacted.
This attack, with White House protectionism features, unprecedented in the 1930s, puts “world economic growth” and threatens international supply chains, with an impact on US interests, according to the Chinese ministry.
These customs duties “do not respect international commercial rules and seriously affect the rights and interests of the sides concerning”, also denounced the Chinese Ministry of Commerce, committing to obtain countermeasures.