The US President has followed through on his threat
The US has doubled recent tariffs imposed on all Chinese imports, effective from Tuesday. The levy, which has risen from 10% to 20%, comes in addition to other targeted duties Washington previously imposed on thousands of goods from the Asian powerhouse.
Last month US President Donald Trump ordered new tariffs on all goods from the country’s three largest trading partners, Mexico, Canada and China, claiming the measures were necessary to protect American interests. He also cited concerns over an influx of lethal drugs from the countries, illegal immigration and trade imbalances.
Washington has accused China of supplying chemicals used in the illicit production of synthetic opioid fentanyl.
An executive order published on Monday claims that Beijing has failed to address the issue, and that 20% levies instead of 10% are being applied.
Speaking to reporters in the White House, Trump said, “I don’t think they [China] are going to retaliate too much.”
The announcement prompted a swift response from Beijing.
“The US once again uses the fentanyl issue as a pretext to threaten China with tariff hikes on its imports. China opposes this move and will do what is necessary to firmly safeguard its legitimate interests,” Foreign Ministry spokesman Lin Jian said on Monday.
The Chinese government has announced additional tariffs ranging from 10% to 15% on various US goods, including agricultural products and energy commodities, and placed export and investment restrictions on 25 US firms. Beijing has also filed a lawsuit with the World Trade Organization (WTO), asserting that the US tariffs violate international trade rules, and has called on Washington to resolve concerns through dialogue.
“Trade and tariff wars have no winners,” Jian stated.
Trivium China analyst Even Pay has described Beijing’s response as “restrained.”
“China’s tariffs impact a limited number of US products and remain below the 20% level. China’s government is signalling that they do not want to escalate, they want to deescalate,” Pay told Reuters.
READ MORE: Trump’s tariff plan puts EU economy at risk – Bloomberg
Amid the tension between the US and China, the latter’s economic ties with Russia have reached unprecedented levels. In 2024, the trade turnover between the two nations hit a record high of $244.8 billion, driven by a 4% increase in Chinese exports to Russia.
