China raises its retaliatory tariff on the US to 84% as it vows to 'fight to the end'
Bangkok, Apr 9 (AP): China again vowed to "fight to the end" Wednesday in an escalating trade war with the US as it announced it would raise tariffs on American goods to 84% from Thursday.
Beijing also added an array of countermeasures after US President Donald Trump raised the total tariff on imports from China to 104%. Beijing said it was launching an additional suit against the US at the World Trade Organization and placed further restrictions on American companies' trade with Chinese companies.
"If the US insists on further escalating its economic and trade restrictions, China has the firm will and abundant means to take necessary countermeasures and fight to the end,” the Ministry of Commerce wrote in a statement introducing its white paper on trade with the US.
The government declined to say whether it would negotiate with the White House, as many other countries have started doing.
On Friday, China announced a 34% tariff on all goods imported from the US, export controls on rare earths minerals, and a slew of other measures in response to Trump's “Liberation Day” tariffs. Trump then added an additional 50% tariff on goods from China, saying negotiations with them were terminated.
Wednesday's newest measures include adding 11 American companies to a so-called “unreliable entities” list that would bar Chinese companies from selling them dual-use goods. Among the companies are American Photonics, and SYNEXXUS, both of whom work with the American military.
So far, China has not appeared interested in bargaining. “If the US truly wants to resolve issues through dialogue and negotiation, it should adopt an attitude of equality, respect and mutual benefit,” said Ministry of Foreign Affairs spokesman Lin Jian Wednesday.
The paper says that the US has not honoured the promises it made in the phase 1 trade deal concluded during Trump's first term. As an example, it said that a US law that would ban TikTok unless it is sold by its Chinese parent company violates a promise that neither would "pressure the other party to transfer technology to its own individuals."
Trump signed an order to keep TikTok running for another 75 days last week after a potential deal to sell the app to American owners was put on ice. ByteDance representatives called the White House to indicate that China would no longer approve the deal until there could be negotiations about trade and tariffs.
The paper also argued that taking into account trade in services and US companies' domestic Chinese branches, economic exchange between the two countries is “roughly in balance.”
It says that China had a trade in services deficit with the US of $26.57 billion in 2023, which is composed of industries like insurance, banking and accounting. Trump's tariffs were designed to close trade deficits with foreign countries, but those were calculated only based on trades in physical, tangible goods.
“History and facts have proven that the United States' increase in tariffs will not solve its own problems,” said the statement from the Chinese commerce ministry. "Instead, it will trigger sharp fluctuations in financial markets, push up US inflation pressure, weaken the US industrial base and increase the risk of a US economic recession, which will ultimately only backfire on itself."
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Bengal: On way to PM's rally, 3 mowed down by train amid dense fog
Kolkata (PTI): Three persons died and three others were injured after being hit by a train amid dense fog on Saturday, while travelling to attend Prime Minister Narendra Modi's rally at Taherpur in West Bengal's Nadia district, a senior official said.
The incident occurred between Taherpur and Badkulla railway stations under the Sealdah-Krishnanagar section of Eastern Railway, he said.
Modi, whose helicopter could not land at Taherpur due to dense fog and low visibility, condoled the death of the “BJP workers” in his virtual address from Kolkata airport.
“I have come to know that some BJP workers, while travelling to the rally, lost their lives in a rail accident. My condolences are with the families of those who have lost their loved ones, and I pray for the speedy recovery of the injured,” Modi said.
The Eastern Railway official told PTI that the incident occurred in the morning when these people, who were travelling by a bus, had stopped the vehicle and walked to the railway tracks to answer nature's call.
"While three persons died on the spot, two others with injuries were admitted to a local hospital," he said.
Another person with minor injuries was released after having been administered first aid, the official said.
The deceased have been identified as Ramprasad Ghosh (74), Shaktipada Sutradhar (55) and Gopinath Das (38).
Meanwhile, Mahua Moitra, Trinamool Congress MP from Krishnanagar constituency in Nadia district, alleged that the BJP ignored the incident and went ahead with the rally.
"Terrible tragedy hushed up at altar of @narendramodi ego. @BJP4India supporters brought from far Murshidabad for PM rally in Ranaghat today," she said in a post on X.
"4 went to answer nature's call and were killed by 31814 down local train near Taherpur. BJP ignored, blacked out & went ahead with rally," Moitra claimed.
Reacting to her remarks, the West Bengal BJP, in a post on X, asserted that the TMC "has always been adept at milking tragedies", and was being "disrespectful to the unfortunate victims of this tragedy".
The TMC alleged that BJP leaders have not shown "neither concern nor compassion" over the mishap.
"The loss of three lives in Taherpur should have united everyone in grief. But @BJP4India leaders showed neither concern nor compassion," it said in another post on X.
"At this painful moment, Smt @MamataOfficial and Shri @abhishekaitc put humanity above party lines and stood beside the families of the deceased," the party said.
TMC’s on-ground leaders promptly reached out to the grieving family members, ensuring them of help and assistance, it said.
"While Delhi’s rulers chase Bengal with arrogance, our leadership chose empathy. This is the difference between politics of power and politics of people!" the TMC added.
