Among the Chinese goods that are upsetting Washington and Brussels are solar panels.
A probe into the anti-dumping of commonly used plastic imports from the US, EU, Taiwan, and Japan has been initiated by China.
The Ministry of Commerce’s announcement that China will retaliate in its trade conflicts with the US and Europe regarding imports of polyoxymethylene copolymer, which is used in electronics and automobiles, is a warning sign.
The declaration is made at a time when China’s trade disputes with the US and the EU have gotten worse recently.
Washington abruptly raised duties on Chinese goods, such as computer chips, solar panels, and electric vehicles (EVs), less than a week ago.
The recent US actions further extended the broad border levies that the Trump administration levied on goods coming from China.
China’s ministry of commerce responded by stating that the additional actions will “severely affect the atmosphere for bilateral cooperation” and denouncing what it called the politicization of economic matters.
China’s foreign ministry stated in a statement that it will “take all necessary measures to safeguard its legitimate rights and interests” prior to the highly publicized White House decision.
Separately, on Monday, according to state media, China imposed sanctions on three American defense companies for selling arms to Taiwan.
As the self-governing island welcomed a new president, news leaked out that General Atomics Aeronautical Systems, General Dynamics Land Systems, and Boeing Defense, Space & Security would not be allowed to conduct “import and export” business in China.
According to the trade ministry, senior executives of all three businesses are prohibited from traveling to, residing in, or working in China.
Europe, however, has started a number of investigations into Chinese imports.
The European Union announced on Friday that it will look into Chinese tinplate steel.
Furthermore, Brussels announced last month that it was looking into two Chinese manufacturers of solar panels that it claims receive government subsidies.
The EU’s trade policy supervisor, the European Commission (EC), has also set a deadline of July 4th for itself to determine whether to take action against the import of electric vehicles (EVs) manufactured in China.
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