China now faces up to 245% retaliatory tariff: White House
Washington, Apr 16 (PTI): China now faces tariffs up to 245 per cent on imports to the United States due to its retaliatory actions, the White House has said, as the trade war escalated between the world's two largest economies.
Separately in a post on Truth Social, President Donald Trump said on Tuesday that China "just reneged on the big Boeing deal, saying that they will “not take possession” of fully committed to aircraft".
He appeared to be confirming reports that China has asked its airlines not to take deliveries of planes from American aircraft manufacturer Boeing.
In the post, he also vowed to protect the US and its farmers in a trade war with its adversaries, such as China.
In a fact sheet issued on Tuesday, the White House said President Trump signed an executive order launching an investigation into the national security risks posed by US reliance on imported processed critical minerals and their derivative products.
"On Day One, President Trump initiated his America First Trade Policy to make America’s economy great again," it said.
"More than 75 countries have already reached out to discuss new trade deals. As a result, the individualized higher tariffs are currently paused amid these discussions, except for China, which retaliated," it said.
"China now faces up to a 245% tariff on imports to the United States as a result of its retaliatory actions," the fact sheet said, without giving details.
China is the only country to have retaliated with tit-for-tat levies.
China on Friday raised its additional tariffs on imports from the US to 125 per cent in retaliation to the Trump administration's 145 per cent levies on Chinese exports. China also filed a lawsuit with the WTO following the US tariff hikes.
China earlier retaliated with 84 per cent levies and imposed restrictions on imports of some US films, expressing its interest in holding dialogue with Washington to resolve the issue.
The fact sheet accused China of banning exports to the US of gallium, germanium, antimony, and other key high-tech materials with potential military applications.
"Just this week, China suspended exports of six heavy rare earth metals, as well as rare earth magnets, in order to choke off supplies of components central to automakers, aerospace manufacturers, semiconductor companies and military contractors around the world," it added.
According to the fact sheet, processed critical minerals and their derivative products are key building blocks of Amercia's defence industrial base and integral to applications such as jet engines, missile guidance systems, advanced computing, radar systems, advanced optics, and secure communications equipment.
"The United States remains heavily dependent on foreign sources, particularly adversarial nations, for these essential materials, exposing the economy and defence sector to supply chain disruptions and economic coercion," it added.
Trump has paused the additional duties on other nations for 90 days.
On Wednesday, China appointed Li Chenggang, who has decades of experience handling international negotiations and also served as China's ambassador to the World Trade Organization, as international trade representative at the Ministry of Commerce.
The move came after President Trump said the ball was in Beijing’s court to work out a deal to end the tariff deadlock.
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PM did not mention Trump, US; for first time a third country interfered in our matter: Kapil Sibal
New Delhi, May 12 (PTI): Rajya Sabha MP Kapil Sibal on Monday questioned why Prime Minister Narendra Modi neither mentioned the US nor President Donald Trump in his address to the nation despite them "interfering" in India's conflict with Pakistan.
Sibal also said the prime minister did not even state how the understanding with Pakistan on halting military hostilities was reached.
Sibal's attack came after Modi's address to the nation in which he sternly warned Pakistan that India will not succumb to nuclear blackmail and sent a clear message to the world -- terror and trade, terror and talks cannot go together.
"Any talks with Pakistan can happen only on terrorism and Pakistan-occupied Kashmir," the prime minister said.
Modi's assertions about not doing trade with Pakistan came minutes after US President Donald Trump said that he told India and Pakistan that his administration will do trade with them only if they end the conflict.
Reacting to the prime minister's remarks, Sibal said, "We all laud the courage of the armed foreces. People of the country salute them for giving a befitting reply to Pakistan. Whenever such terror attack (Pahalgam) takes place, our army will give a befitting reply."
"Some questions arise from the prime minister's address. He neither mentioned the US nor President Trump. Everyone knows that we were told that on May 10, 3:30 pm DGMO Pakistan called our DGMO and then at 5:30 pm Trump made a post on social media. He (Trump) claimed that the 'US mediated the ceasefire...and we were talking with India and Pakistan for the last 48 hours'," Sibal said at a press conference here.
The Independent Rajya Sabha MP also referred to Trump's remarks just ahead of the PM's address to attack Modi.
President Trump on Monday claimed that his administration stopped a "nuclear conflict" between India and Pakistan, adding that he told the two countries America will do a "lot of trade" with them if they stop the conflict.
"And we helped a lot, and we helped also with trade. I said, 'Come on, we're going to do a lot of trade with you guys. Let's stop it. Let's stop it. If you stop it, we're doing trade. If you don't stop it, we're not going to do any trade'," he claimed.
Referring to Trump's remarks, Sibal said Modi did not speak anything on that also.
"He (Modi) said that we have established a new dimension with Operation Sindoor. Yes, for the first time in India's history, a third country interfered in our matter and told us that they will decide what is to be done...you don't even mention how this understanding was reached (with Pakistan)," Sibal said.
"The second thing was that Modi said if Pakistan does such a thing again, we will give a befitting reply, which means terrorism has not been ended, all terrorists have not been killed and it can happen again. Mr. Prime Minister, I would like to say something, Pulwama happened under whose watch? Pahalgam happened under whose watch? Who will take responsibility for it?" Sibal said.
President Trump did not even mention terrorism in his remarks as if it is not an issue, the former Congress leader said.
India and Pakistan have reached an understanding to stop all firings and military actions on land, air and sea with immediate effect after four days of cross-border strikes that triggered fears of a wider conflict.
In a short announcement, Foreign Secretary Vikram Misri said the directors general of military operations of the two countries agreed on the understanding during a call this afternoon.
The decision by India and Pakistan was first made public by Trump in a social media post while claiming that the talks between the two sides were mediated by the US.
