Edited by BicaraHatiku at 5-2-2025 05:41 AM
Beijing announced a broad packageof economic measures targeting the United States on Tuesday, hitting back after US President Donald Trump imposed 10% tariffs on Chinese imports.
The fresh duties, announced by China’s Ministry of Finance, levy a 15% tax on certain types of coal and liquefied natural gas and a 10% tariff on crude oil, agricultural machinery, large-displacement cars and pickup trucks. The measures take effect on February 10.
The Ministry of Commerce and China’s customs administration also announced new export controls effective immediately on more than two dozen metal products and related technologies. Those include tungsten, a critical mineral typically used in industrial and defense applications, as well as tellurium, which can be used to make solar cells.
The ministry also said it was adding two American firms — biotech company Illumina and fashion retailer PVH Group, owner of Calvin Klein and Tommy Hilfiger — to its unreliable entities list, saying they “violated normal market trading principles.”
A Ministry of Commerce spokesperson said Tuesday that it found PVH discriminated against and interfered with the operations of Chinese companies, though the spokesperson failed to provide specifics.
PVH criticized the decision and said it would work with Chinese authorities to resolve the situation.
“We are surprised and deeply disappointed to learn of the decision from the Chinese Ministry of Commerce,” a spokesperson for PVH said in a statement. “In our 20 years of operating in China and proudly serving our consumers, as a matter of policy, PVH maintains strict compliance with all relevant laws and regulations and operates in line with established industry standards and practices.”
In a separate statement, China’s State Administration for Market Regulation said it was initiating an investigation into Google for suspected violation of its anti-monopoly. The company, whose search engine is not available in China, has minimal operations in the country.
The raft of announcements come as a broad-based 10% tariff on Chinese imports to the United States announced by the White House on Saturday came into effect.
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Post time 5-2-2025 05:32 AM
变色卡
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Post time 5-2-2025 07:07 AM
