China said on Tuesday that it would counter President Trump’s prices on Chinese products with own prices on several American imports. He also announced an antitrust survey on Google and other commercial measures intended in the United States
China said it would implement a 15% rate on coal and liquefied natural gas products as well as a 10% price on crude oil, agricultural machines and large -scale cars imported from states -Unis, the prices would take effect next Monday.
“The increase in the United States’s unilateral rate seriously violates the rules of the World Trade Organization,” said the office of a office of the Ministry of Finance. “It is not only useless to solve your own problems, but also damages normal economic and commercial cooperation between China and the United States”
In addition, the administration of the state of China for market regulations said on Tuesday that it was investigating Google suspected of having violated antitrust laws. The announcement did not mention the prices, but came only a few minutes after Mr. Trump’s 10% tariffs on China take effect.
Mr. Trump paused his plans on Monday to implement steep prices On imports from Mexico and Canada for at least a month after discussions with the leaders of the two countries, who have promised to revive efforts to fight against the flow of drugs and migrants through their borders with states in the coming days .
In addition to Google prices and probe, China has announced export controls on several essential elements for the production of modern high -tech products. They include tungsten, tellurium, bismuth, molybdenum and indium, many of which are designated as critical minerals by the US Geological Survey, which means that they are essential to economic or national security in the United States And have vulnerable supply chains to disturbances.
Export commands are added to China placed in December on key elements such as Gallium, which is used in manufacturing.
The Ministry of Commerce has also placed two American companies on a “unreliable entities” list: PVH Group, which owns Calvin Klein and Tommy Hilfiger, and Illuma, a biotechnology company with offices in China. Registration prevents them from engaging in importing or export activities linked to China and making new investments in the country.
Trump signed orders on Saturday Impose a 25% rate on imports of Mexico and Canada and a 10% levy from the goods of China. They had to start at 12:01 p.m. Tuesday.
Mexico and Canada had both said They emitted reprisals on American imports, which raises fears of a trade war that could suffocate economic activity between the United States and its neighbors.
