China's first reaction on Trump's 245% tariff!
US President Donald Trump's government has imposed tariffs up to 245 percent on goods coming from China. This information has been given in a fact sheet released by the White House. This decision has further increased the trade tension between America and China. Now china has also reacted to this. According to a Reuters report, china said on thursday that if America continues this game of imposing tariffs, it will not care about it.
Trump administration made a big announcement
The trump government has announced a new tariff of up to 245% on goods coming from china, which has further increased the tension between America and China. In this regard, the white house released a fact sheet, which gives information about this decision. The fact sheet states that more than 75 countries are ready to negotiate a new trade agreement with America, so no higher tariff has been imposed on these countries at present. china has retaliated against the US measures, so the tariffs on it will continue. The fact sheet also said without giving much information that china now faces tariffs of up to 245% on sending goods to the US.
Allegations leveled against China
The white house has alleged in its fact sheet that china has stopped sending gallium, germanium, antimony and other essential high-tech materials to the US. These things are used in military (army) equipment.
The fact sheet also said that this week china has also stopped the export of six rare heavy metals and rare earth magnets. By doing this, China's aim is to disrupt the supply of essential items for the world's car companies, aircraft manufacturers, semiconductor and defense sector companies.
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