The commercial war becomes a reality, since China retaliates against new tariffs of the Donald Trump administration

China retaliates against new US tariffs on Tuesday and announced a 10-15 percent increase in import tariffs in a variety of agricultural and food products in the country. The decision occurred after President Donald Trump continued with his threat and imposed additional 20 percent tariffs on imports from the Asian country.

In addition, Beijing also imposed export and investment restrictions on 25 US companies about national security concerns, pushing the two main countries of the world closest to a complete commercial war. However, the Chinese government did not punish family names when it retaliates against the Trump administration, Reuters reported.

The Chinese government explained that ten of these 25 US companies were attacked to sell weapons to Taiwan, which states as Chinese territory.

Why have Trump imply more tariffs on China?

The United States government believes that China did not take sufficient measures to stop the fentanyl opioid crisis in the United States. However, China said that the United States is involved in the blackmail of Fentanyl, since the Asian country has some of the strictest anti -drug policies in the world.

In particular, last month, President Trump imposed 10 percent tariffs on Chinese goods as punishment for the Asian economy for the fentanyl overdose crisis in the United States. The last tariffs, which entered into force on Tuesday, take the general rate to Chinese imports to 20 percent. In his first term, Trump imposed up to 25 percent of tariffs at approximately $ 370 billion in imports.

Chinese tariffs on US goods

Responding immediately after the United States imposed the latest rates, China said it will establish an additional 15 percent rate on chicken, wheat, cotton and corn of the USA. UU. And an additional duty of 10 percent over the soybeans of the United States, pork, beef, water products, sorghum, fruits, vegetables and import imports. Chinese tariffs will enter into force as of March 10, the Ministry of Finance announced through an official statement.

Criticizing the US government for the latest rates, the China Ministry of Commerce said: “Unilateral tariff measures of the United States seriously violate the rules of the World Trade Organization and undermine the basis for economic and commercial cooperation between China and the China of the United States will firmly safeguard their legitimate rights and interests.”