The United States has criticized China's move to increase tariffs on 128 imported products from the U.S., including fruits and pork. Beijing claims the new tariffs are a response to a similar action taken by Washington two weeks ago, which included tariffs on Chinese metals. On April 1, China announced that it would impose a 15% tariff on 120 imported goods from the U.S., which includes several products such as fruits. A 25% tariff has also been placed on eight other items, including pork exports from the United States. The new tariffs amount to over three billion dollars. The U.S. claims this action by Beijing is unfair. Lindsay Walters, a White House spokesperson, stated on April 2 that Chinese government subsidies and continued supply exceeding demand are the main factors behind the crisis concerning metals. The Chinese Customs Tariff Commission issued a statement on Sunday saying that the new tariffs on American goods were a "reaction to a similar action by the United States" regarding tariffs on aluminum and other Chinese products. Donald Trump, the President of the United States, signed an order at the beginning of 2018 to impose new tariffs on Chinese goods. Trump has long called for a review of the status of U.S. metal tariffs, stating that tariffs on China are due to the country's history of "unfair trade practices." The White House spokesperson emphasized on Monday that "instead of addressing the fair export process of the United States, China should stop its unfair trade practices; practices that threaten U.S. national security and global markets." These remarks come as Beijing also claims that the U.S. action is contrary to World Trade Organization rules and severely harms China's interests. The Chinese Ministry of Commerce stated on Sunday that the imposition of new tariffs on American goods is a "fair action." Recent events have impacted stock and bond markets and have raised concerns about the occurrence of a "trade war" between the two sides.
Washington Criticizes China's New Tariffs on 128 Imported Goods from the U.S.
The U.S. has criticized China's new tariffs on 128 imported goods, claiming they are unfair and a response to U.S. tariffs on Chinese products. This escalation in trade tensions raises concerns about a potential trade war, impacting global markets.
👥 Key Players
📰 What Happened
The U.S. criticized China's new tariffs on 128 imported goods in response to U.S. tariffs on Chinese products. This escalation in trade tensions raises concerns about a potential trade war.
- China imposed a 15% tariff on 120 U.S. goods and a 25% tariff on 8 other items, totaling over three billion dollars.
- The tariffs are part of an ongoing trade dispute that has seen both countries retaliate against each other's trade policies.
💡 Why It Matters
📚 Background
The U.S. and China have been engaged in a trade dispute for several years, with both sides imposing tariffs on each other's goods. This conflict is rooted in issues of trade imbalances and accusations of unfair practices.
🏷️ Entities Mentioned
Translated from the original and edited for English readers. View original source →
Translation confidence: 85%