This article was automatically translated from HIBAPRESS, the Arabic version:
Hibapress
China will impose a customs right of 34% on all imports of American products from April 10 in response to customs prices decreed by US President Donald Trump against the Asian giant, the Chinese Ministry of Commerce announced on Friday.
These new customs duties correspond to the “reciprocal prices” of 34% on Chinese exports decreed last Wednesday by Trump, which prices are added to the additional 20% rights imposed by Washington in Beijing in February and March.
China has also added 27 American companies to the list of companies subject to commercial sanctions or export controls.
Among these companies, 16 are subject to a ban on export of “double -use” goods, which restricts the export of products, technologies or software that can be used for civil and military purposes. High Point Aerotechnologies, a defense technology company, and Universal Logistics Holding, a transport and logistics company listed on the stock market, are on this list.
Eleven other American companies, including the Skydio drone manufacturer, have been added to the Chinese list of “unreliable entities”.
China also plans to strengthen restrictions on exporting seven rare land elements, materials used in high -tech products such as computer flea and electric vehicle batteries.
Beijing has also announced that it had filed a complaint with the World Trade Organization (WTO) concerning new American customs duties.
“The imposition by the United States of supposedly ‘reciprocal prices seriously violates the rules of the WTO, undermines the legitimate rights and interests of WTO members and seriously undermines the multilateral trade system based on rules,” hammered the Ministry of Commerce.
“It is a typical practice of unilateral intimidation which endangers the stability of the global economic and commercial order. China is firmly opposed to it, “added the same source.
