When asked about the mutual duties between the USA and China, Jian said that the tariffs are “typical one -sided and protectiveist intimidation.”
In the opinion of the Chinese Ministry of Foreign Affairs, American duties “serve only their own US interests, which is achieved by America's trade partners.”
Continued article under video material
Donald Trump led to Asia markets. “Sharp declines”
Asian stock markets recorded sharp declines on Monday in response to the escalation of the trade war. Japanese Nikkei 225 lost 7.35 percent at the opening, deepening the Friday drop by 2.75 percent. Taiwan was most affected, where the Taiex index dived by 9.8 percent. After resuming trading after a long weekend.
The Hang Seng China Enterprises index in Hong Kong fell by as much as 9.1 percent, and the shares of Chinese companies Alibaba and Baidu lost over 12 percent. The Singapore stock index has recorded a decrease by 8.7 percent, which is the largest decline since 2008.
On Wednesday evening, US President Donald Trump signed a regulation imposing “mutual duties” in the amount of at least 10 percent. for goods imported from abroad; In the case of EU goods, they will amount to 20 percent.
In the case of China, the tariffs will amount to 34 percent. (This rate will be added to the previously announced 20 % of duties; will be 54 percent), Japan – 24 percent, India – 26 percent, South Korea. – 25 percent Universal 10 % The customs rate is valid from April 5, and customs duties on individual countries – on April 9.
