The White House announced that US President Donald Trump signed an executive order to increase customs duties on Chinese imports from 10% to 20%, while Beijing warned that it would take “counter -measures”, Canada pledged to impose new fees on American imports in response to Washington’s decision.
Trump says he wants to use this money to restore balance to the American trade balance, contribute to financing tax reduction on American experts, and imposing “respect” on US partners.
Trump is accused of Beijing of relaxing in fighting trafficking in fentanel, a very dangerous industrial Aphondia, as Washington says it is responsible for the death of 75,000 Americans annually.
In response to the American move, Beijing warned that it would take “counter -action,” a spokesman for the Chinese Ministry of Commerce said in a statement that “China is very accustomed to this measure and strongly opposes it, and will take counter measures to protect its rights and interests.”
The Chinese ministry said in a statement that the United States “turned the blame” and uses its problems with the drug of fentanel is an excuse to impose customs duties.
The Ministry called on the United States to “withdraw” its unreasonable “unreasonable customs procedures” of health and harmful to others.
Currency lowering
In the context, the US President confirmed that he had informed Japanese and China leaders that they should not continue to reduce the value of their work for what he described as an infringer of the United States.
Japanese Finance Minister Katsonobo Kato was asked about Trump’s comments, so he said that Tokyo does not adopt policies directly aimed at weakening the yen.
Kato confirmed, in a press conference held in Tokyo today, Tuesday, that Japan confirmed its “primary position on the currency policy” with the Group of Seven countries and with the United States, on occasions, including a bilateral meeting with US Treasury Secretary Scott Besent.
At a separate press conference, Japanese Economy Minister Riosi Akazawa said today, Tuesday, that the government is interfering in the currency market only when the yen movement involves “speculation.”
On the other hand, the US President said that Washington will impose a new tariff on the Canadian and Mexican industries supplied to the United States by 25%.
In a speech at the White House, Trump added that if the two countries want to get rid of paying these definitions, they must build their factories inside the United States, as he put it.
Canada’s response
On the other hand, Canada said today, Tuesday, that it will start imposing customs duties by 25% on US imports of 30 billion Canadian dollars from today if the American fees enter into force.
Canada confirmed in a statement that it will impose customs duties on other US imports of $ 125 billion in Canadian dollars within 21 days, noting that these customs duties will remain in effect until the withdrawal of US trade measures.
