China has announced its intention to implement retaliatory measures in response to the recent 10 percent tariffs imposed by the United States on Chinese imports.
Gatekeepers News reports that the Chinese Ministry of Commerce issued a statement indicating that the government plans to file a complaint with the World Trade Organization and will pursue unspecified countermeasures to protect its rights and interests.
This development follows U.S. President Donald Trump’s announcement on Saturday, which included not only the 10 percent tariffs on Chinese goods but also a 25 percent tariff on imports from Canada and Mexico. Trump has indicated that he might impose similar tariffs on the European Union as well. In reaction, both Canada and Mexico have pledged to implement their own retaliatory measures.
President Trump has linked these tariff measures to concerns over irregular immigration and the cross-border trafficking of fentanyl, an opioid that has contributed to a significant increase in overdose deaths in the United States.
Beijing pushed back, saying: “China hopes that the U.S. side will objectively and rationally look at and deal with its own fentanyl issue and other issues, rather than threatening other countries by means of tariffs at every turn.”
China’s statement is far less specific than the immediate responses from Mexico and Canada, whose leaders ordered countermeasures on Saturday. Canadian Prime Minister Justin Trudeau said Ottawa would impose 25 percent tariffs on goods worth roughly $21 billion starting Tuesday and more later this month.
Germany, which is in the firing line of Trump’s tariff threats against Europe, was trying to be nonconfrontational following the moves against other U.S. trading partners.
“We should not react to the first decisions in a panic, but rather see them as the beginning of the negotiations and not the end,” German Finance Minister Jörg Kukies said on Sunday during a trip to the Gulf region, Frankfurter Allgemeine newspaper reported.
Meanwhile, Japan on Sunday expressed fears about the consequences of Trump’s tariffs for the global economy.
Finance Minister Katsunobu Kato told Japanese television that “we’re deeply concerned about how these tariffs could affect the world’s economy … Japan needs to scrutinize these policies and their effects, and take appropriate measures.”
