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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

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China Retaliates Against US and EU Amid Intensifying Trade Disputes

China Retaliates Against US and EU
Getty Getty
China Retaliates Against US and EU
Getty Getty

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China Retaliates Against US and EU:  Imports of commonly used plastic from the United States, the European Union, Taiwan, and Japan are the subject of an anti-dumping inquiry in China. The Ministry of Commerce’s move to investigate polyoxymethylene copolymer imports, a substance crucial to the electronics and automotive sectors, is a strong reaction to the continuing trade conflicts with the United States and Europe.

 Trade tensions among the US, the EU, and China have been rising recently, and this action follows. The United States has imposed steep tariff increases on several Chinese imports, including solar panels, computer chips, and electric vehicles (EVs). These steps expand upon the heavy border taxes that the Trump administration implemented. 

 In response, China’s commerce ministry slammed the politicization of economic affairs and warned that these measures would “severly affect the atmosphere for bilateral cooperation.” To prepare for the announcement by the White House, a spokesman for China’s foreign ministry said that the country will “take all necessary measures to safeguard its legitimate rights and interests.”

 Also related: three American defense companies—General Dynamics Land Systems, Boeing Defense, Space & Security, and General Atomics Aeronautical Systems—were sanctioned by China for arms sales to Taiwan. As reported by official media, these businesses can no longer engage in import or export operations inside China. Also, top executives from these companies can’t come to China, work, or even live there. The installation of a new president on the island of Taiwan—which China views as a separatist province—coincided with this statement.

 The European Union has also been investigating Chinese imports. The European Union has announced a probe into tinplate steel imports from China. Two Chinese solar panel makers are also under investigation by Brussels amid allegations that they received subsidies from the Chinese government. The European Commission, which is in charge of the EU’s trade policies, has given itself until July 4 to decide on possible actions against electric vehicles manufactured in China.

 These moves show the worsening trade war between the US, the EU, and China. An anti-dumping investigation into polyoxymethylene copolymer is underway as part of a larger plan to address what China views as unfair trade practices. These disagreements will most certainly affect international economic ties significantly, especially given the growing complexity of the global trade scene. 

 The precarious position of international trade is brought to light by the growing criticism from both camps. Even while China takes a stand through investigations and sanctions, the United States and the European Union are just as determined to safeguard their economic interests. These investigations and tariff implementations could result in more strict regulations and economic protectionism, which will have far-reaching consequences for the future of global commerce.


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