Hong Kong – China and Canada Tuesday imposed US U.S. Reversible to revenge against tariffs, announced their own recovery on US goods that could further disrupt the United States trade with its top three business partners.
25% of the US on almost all goods imported from Canada and Mexico The tariff applied only after midnight on Tuesday, as well as an additional 10% tariff on goods from China. Last year, more than 40% of the total US imports are in collaboration with three countries and are also the top three US export markets.
Its government said China would impose additional tariffs of up to 15% on some US goods, while Canada took up to 25% tariffs. Mexican President Claudia Shenb UM announced that his country countermeasers would be formed on Sunday in response to US tariffs, adding that both would include “tariffs and nonster measures”.
Taking a new Chinese, which applies from March 10, includes 15% tariffs on chicken, wheat, corn and cotton and 10% tariffs on sorghum, soybean, pork, meat, fruits, vegetables and dairy and fish products. Chinese state media had previously reported that the US Agricultural products will be targeted.
China says the US Tariff weakens cooperation between the world’s two largest economies, and they harm American businesses and consumers as well as international trade.
China’s Foreign Ministry spokesman Lin Jian said in a regular briefing in Beijing on Tuesday that the Chinese have never forced or intimidated that we were not victims of bullying and hedgeemic tactics.
“Pressure, threats and forcibly are not the right way to join China. If the US If China tries to put heavy pressure on, it just aims to the wrong country and calculates its move incorrectly. “
Lin also said that China has “taken strong steps” to prevent Fantanel’s international flow, which Trump cited as justification for tariffs on China, Canada and Mexico, and the U.S. Fantanil is using the business war excuse.
In addition to the new tariff, China added 15 US companies to its “unreliable entity” list and 15 to its export control list, mostly defense and intelligence companies, less exposure to the Chinese economy.
Beijing has also claimed in the World Trade Organization on the new 10% tariff, as it was in response to the previous 10% tariff, which President Donald Trump imposed on Chinese goods on February 4.
Combined on Chinese goods at the top of the US tariff Trump’s first tenure, was maintained and in some cases the former President was drastically increased by B Biden.
Canada said that if the US tariff is applied as defined, it would proceed with a previous plan to impose 25% tariffs on 155 billion Canadian Dollars Lir ($ 107 billion) in American goods.
Tariffs of $ 20.7 billion goods will be implemented immediately, while in US products the remaining .3 will start at $ 86.3 billion in 21 days, Canadian Prime Minister Justin Trudeau Said in a statement Monday late. He said that the U.S. They will remain until the trade proceedings are withdrawn.
Trudeau said, the U.S. Americans will pay more for groceries, gas and cars due to the tariff imposed by them and lose thousands of potential jobs. “Tariff will disrupt a successful business relationship. He will violate the highly trade agreement negotiated by President Trump in his last tenure. “
Trump, who threatened tariffs against Canada and Mexico since November, accused Fantanil and other illegal drugs of failing to stop international flow.
When the precursor chemicals for Fantanil are sent from China to Mexico, where they are processed in a fatal IO pioid, which is followed by the U.S. Smuggling is done, Canada says it has no role in Fantanel’s international current.
US According to Customs Data, the U.S. in the 2024 financial year. Only 0.2% of Fantanel’s fantanel came from Canada over 20,000 £ 20,000 on the border.
Trudeau said Canada, however, has increased its drug implementation efforts, resulting in Fantanil shock from Canada, from December to January, more %ense has dropped to 0.03 pounds.
Tariffs on Canada and Mexico, which Trump issued in an executive order signed on February 1, stopped for 30 days after leaders from both countries announced the tightening of border security. They also include 10% Tariff on Canadian Energy Raza Imports.
Trump said that the tariff on Canada and Mexico would proceed as per the plan, followed by the US on Monday. The stocks fell Dow Jones Industrial Dysfunction Average 650 points, or 1.48%, and S&P 500 1.76% decrease for its worst day this year.
In Asia, Japan had declined in the surrounding markets, with stocks decreasing by about 2%, CNBC Report. Shares of Mainland China and Hong Kong were muted.
The US-China tariff is tight-for-tatt, while Chinese leaders and legislators come together for the country’s largest political event in Beijing, the National People’s Congress, where the ruling Chinese Communist Party will signal its priorities and goals for the year, including its approach to the Trump administration.
“In response to the first 10% tariffs, China could save the US agriculture,” said TNChan Zoo, a senior economist at Beijing’s Economist Intelligence Unit, “Trump’s impatient tariffs can change the aggressive calculus” and the US Farming Union. Tianchan Zoo said.
“Looks like he tells us,” If you don’t stop we will really go to kill you hard. “He said in an email.
In Canada, during that time, revenge against US tariffs can also expand in its personal provinces. NT Natario Premier DG Ford on Monday told NBC’s “Meet the Press Now” that Canada “would answer as they have never seen before.”
He said he was from his province to the US. The electricity is ready to be replaced by transmission of electricity as well as cutting the nickel’s shipment, which will “stop manufacturing because 50% of the nickel you use are coming out of the NTRies.”
“I am sorry for the American people that your president has decided to do this,” said Ford. “I apologize, but he is not giving us any option.”
This story originally appeared on NBCNews.com read the full story
