Taipei, Taiwan – China has said that it is “resolutely opposed” “, the threat of President Donald Trump, climbing prices, even if many other Asian nations have rushed to conclude agreements with the United States following its general taxation of punishing new taxes on trade.
Trump said on Wednesday that he would impose an additional 50% rate on Chinese products if Beijing does not drop the 34% reprisal rate he placed on American products last week.
China. It was in addition to an earlier price of 20% on China in response to fentanyl traffic.
“The American threat of intensifying prices against China is an error in addition to an error, which once again exposes the nature of blackmail of the United States,” a ministry of Chinese commerce said on Tuesday.
“China will never accept that. If the United States insists on following its own path, China combatra until the end,” said the ministry. “If the United States degenerates its tariff measures, China will resolutely take countermeasures to protect its own rights and interests.”
Trump upset the status quo of global trade on April 2, imposing a universal rate of 10% on all imports, from April 5 and additional prices on dozens of countries deemed to have unfair commercial practices, from April 9.
In this announcement, Trump distinguished China as one of the “nations that treat us badly”. America’s trade deficit – the amount that imports exceed exports – China was 295.4 billion dollars last year, the largest in all countries.
Trump’s prices have sent shock waves across the world markets. The Nikkei 225 of Japan plunged almost 8% on Monday on Monday, triggering a temporary stop, before rebounding 5.5% later during the day. The S&P 500 index is down by almost 10% over five days.
Analysts have warned that the Asian economies focused on exports are likely to be among the hardest affected by American tariff hikes.
With the approach of the deadline of April 9, some countries are urgently looking for trade agreements with the Trump administration in order to minimize damage to their savings.
Japan “ obtaining priority ”
Japan sends a team to Washington to negotiate trade, according to Trump, who said he spoke on Monday with Japanese Prime Minister Shigeru Ishiba. In addition, Shigeru said he told Trump to rethink the prices.
Trump placed the secretary of the Treasury Scott Bessent and the US trade representative Jamieson Greer in charge of commercial negotiations with Japan, said Bessent on social networks.
Bessent, in an interview with Fox News, said that he had not yet seen Tokyo proposals, but that he expected successful negotiations to reduce the non -pricing barriers of Japan.
Japan is one of the 50 to 70 countries that have so far approached the Trump administration about negotiations, said Bessent.
“Japan is a very important military ally. They are a very important economic ally, and the United States has a lot of history with them,” he said. “So I would expect Japan to get priority just because they came up very quickly.”
In South Korea, the Minister of Finance Choi Sang-Mok and other decision-makers examined their strategy before the visit of the Trade in the United States this week, according to the Ministry of Finance.
During the visit from Tuesday to Wednesday to Wednesday, Cheong in Kyo, the Minister of South Trade, plans to meet Greer and apply for a decrease in the rate of 25%, said the Ministry of the Trade.
Taiwan president Lai Ching-te said Taiwan did not intend to retaliate with full prices against the United States
The investment commitments of Taiwanese companies to the United States would not change until they comply with the national interests of the democratic island, said Lai.
In Hong Kong, whose special negotiations of negotiations were withdrawn by a Trump decree in 2020, financial secretary Paul Chan said that the city would not impose countermeasures in the United States, Hong Kong reported.
“Hong Kong should remain free and open,” he said.
Vietnamese call
Meanwhile, Vietnam’s offer to reduce its commercial barriers to delay the implementation of American prices was rejected by a White House advisor.
Deputy Prime Minister Bui Thanh SA met the American ambassador to Vietnam on Sunday, Marc E. Knapper, and reiterated his country’s desire to reduce the rate of import prices on American products in the hope of postponing the start of new prices.
“Vietnam is ready to negotiate to bring the 0% import rate rate for American products, increase the purchase of strong American products and demand by Vietnam, and at the same time create more favorable conditions for American companies to do business and invest in Vietnam,” said his son, quoted by the official government news channel.
However, the American main sales advisor Peter Navarro rejected this possibility later during the day.
“It is not a negotiation, it is a national emergency based on a trade deficit which has become out of control because of cheating,” Navarro told Fox News.
Even if the two parties reduced the prices to zero, the United States would still have an annual trade deficit of $ 120 billion with Vietnam, he said.
Vietnam constantly refers Chinese exports as its own products before shipping them to the United States, said Navarro.
He also uses export subsidies, manipulation of currencies and “false standards” that prevent American manufacturers from making Asian markets, he said.
Cambodian Prime Minister Hun Manet wrote a letter dated on Friday to request negotiations and so that the United States delayed the price of 49% to be imposed from April 9.
Hun Manet said Cambodia would immediately reduce its 35% rate on 5% American products in 19 product categories, including American whiskey and beef.
In Thailand, Prime Minister Paetongtarn Shinawatra announced on Sunday that Thailand will enter into talks with the United States following the taxation of prices on Thai products.
Deputy Prime Minister and Minister of Finance, Pichai Chunhavajira, will go to the United States for discussions with the main stakeholders.
“Thailand has been an economic and long-term allied partner in the United States, not just an exporter,” Shinawatra said in a statement.
Edited by Stephen Wright.