Patrocinados

China renews threat to retaliate against US tariffs

0
1K

U.S. President Donald Trump's trade war with Canada, Mexico and China is ramping up over the production and importation of the opiate fentanyl, along with trade surpluses and illegal border crossings by migrants from across the globe.

Here is what Beijing says about it:

What has been China's reaction so far?

China has reiterated its threat to take “necessary countermeasures to defend its legitimate rights and interests” following Trump’s decision to impose 10% tariffs on China for allegedly doing too little to stem the production of precursor chemicals for fentanyl.

The Foreign Ministry statement issued Sunday did not mention any specific retaliatory measures, but said “China calls on the United States to correct its wrongdoings, maintain the hard-won positive dynamics in the counternarcotics cooperation, and promote a steady, sound and sustainable development of China-U.S. relationship."

China says the U.S. action violates World Trade Organization rules and has vowed to bring a case before the body that governs global commerce.

The Ministry of Public Security on Sunday made near identical charges and the Commerce Ministry also issued a closely worded statement.

What you may not know happening with China's secret weapon on "Fentanyl" shipment to Mexico onward to America is exactly what the British did to China many years ago. Then China was able to counter British trade with "Opium" to the Chinese that devastated their citizens and made British businessmen very rich. 

For now it will be very hard to handle it because Chinese businessmen knows Americans are "greed is good" in doing anything even though it's killing 100,000 people every year.

Who does China say is to blame?

Trump accuses China of allowing the production of fentanyl, which is then made into tablets in Mexico and smuggled into and distributed throughout the U.S., which records some 70,000 overdose deaths from the drug annually.

China says the U.S. must hold itself to account instead of “threatening other countries with arbitrary tariff hikes,” the Foreign Ministry said. “The United States needs to view and solve its own fentanyl issue in an objective and rational way ... (China is) one of the world’s toughest countries on counternarcotics both in terms of policy and its implementation."

Experts say China executes an unknown number of people each year for smuggling drugs, but domestic drug use is relatively low.

The Ministry of Public Security statement said the U.S. has not reported any fentanyl precursor seizures originating in China since Beijing began to take legal action.

What other issues may be having an impact on the dispute?

China's enormous trade deficit with the U.S., which reached nearly $1 trillion last year, has been a constant target of Trump's complaints. Tariffs would make Chinese goods more expensive for U.S. consumers, who will ultimately have to pay a significant part of the cost of importing everything from toys to clothing.

China's vital export market could be impacted if U.S. consumers decide to “buy American.” The Chinese domestic economy has failed to respond to a range of government-backed stimuli, while foreign infrastructure projects and other major government initiatives that add to the country's already high public debt threaten more economic stagnation.

That is already starting to derail Chinese President Xi Jinping's push to overtake the U.S. in key economic and political indicators, threatening his ultimate ambition to conquer the island republic of Taiwan and assert Chinese primacy in the Indo-Pacific region.

Stopping illegal immigration has also been one of Trump's core political messages, and was named in tariff actions against U.S. neighbors Mexico and Canada. Illegal arrivals from China are considered a fraction of such numbers, but Trump has put virtually every country on notice that he will hold them accountable for their nationals who enter the U.S. outside the law.

AfriPrime App link:  FREE to download...

https://www.amazon.com/Africircle-AfriPrime/dp/B0D2M3F2JT

Patrocinados
Buscar
Patrocinados
Categorías
Read More
Health and Wellness
Intuition: What It Is and How It Works. Examining the research on the biological basis of intuition. Reviewed by Tyler Woods
KEY POINTS- Intuitive and analytic thinking should not be viewed as opposites. Our...
By Ikeji 2023-08-22 04:12:26 0 4K
Other
Levothyroxine Sodium Tablet Market Size, Growth Global Report [2024-2032]
Levothyroxine Sodium Tablet Market Analysis 2024-2032 The Global Levothyroxine Sodium Tablet...
By robinyoung 2024-02-15 05:41:30 0 4K
Health
Clinical Trials Market By Emerging Trends, Business Strategies,and Competitive Landscape
Clinical trials market is expected to gain market growth in the forecast period of 2022 to...
By helathcarenews 2023-08-25 15:20:06 0 3K
Other
An Israeli ministry, in a 'concept paper,' proposes transferring Gaza civilians to Egypt's Sinai
 An Israeli government ministry has drafted a wartime proposal to transfer the Gaza Strip's...
By Ikeji 2023-10-31 07:46:22 0 3K
Other
Future Developments and Vision for Smart World Sky Arc in Sector-69, Gurgaon
Situated in Sector-69 of Gurgaon, Smart World Sky Arc is a cutting-edge residential and...
By vaibhav0 2025-02-24 04:57:35 0 2K
Patrocinados
google-site-verification: google037b30823fc02426.html