China raised the tariff rate on U.S.-origin goods, from 34% to 84%, in response to President Donald Trump's April 8 executive order raising reciprocal rates by 50% (see 2504080079), the Office of the Tariff Commission of the State Council announced April 9. The new tariffs will take effect at 12:01 a.m. April 10, the commission said, according to an unofficial translation.
China’s State Council this week released a white paper on economic and trade relations with the U.S., criticizing the U.S. government’s imposition of tariffs and export controls and saying that the two sides should strive toward “mutually beneficial cooperation.” The white paper seeks to “clarify the facts about China-US economic and trade relations and illustrate China's policy stance on relevant issues,” it says, according to an unofficial translation.
A senior Chinese Commerce Ministry trade official met with representatives from more than 20 U.S. companies in Bejing on April 6 to discuss the Trump administration's "abuse of tariffs" and Beijing's retaliatory measures (see 2504040024), according to an unofficial translation of the ministry's readout of the meeting. Ling Ji, China's vice commerce minister, said he hopes American companies will "take practical actions" and "jointly maintain the stability of the global production and supply chain." He also said Beijing is committed to multilateralism. The U.S. tariffs have "seriously damaged the rules-based multilateral trading system and seriously infringed upon the legitimate rights and interests of all countries," the official said. The meeting featured officials from Tesla, GE Healthcare, Medtronic and others, China said.
China retaliated against President Donald Trump's reciprocal tariffs with duties of 34% on all U.S. goods, along with new export restrictions on U.S. companies and rare earth metals.
Japan's Ministry of Economy, Trade and Industry (METI) and Ministry of Finance extended the period of an antidumping duty investigation on graphite electrodes from China by three months, until July 23. METI said the extension is to "carefully review the evidence and relevant documents submitted by interested parties, while ensuring full transparency and fairness throughout the investigation process." The investigation was launched in April 2024 and recently saw the agency impose a 95.2% provisional AD on Chinese graphite electrodes, effective March 29 (see 2503250022).
China’s Commerce Ministry this week issued a new guidance document about how the country interprets and plans to strengthen its trade policy compliance, particularly with World Trade Organization rules. The guidance calls on various Chinese government offices to make sure any proposed policies comply with WTO rules, and it stressed that China should “respond to foreign compliance concerns” raised at the WTO while also raising concerns at the trade body “about other members' illegal measures.”
Vietnam is reportedly reducing tariffs on imported American liquefied natural gas, ethanol, automobiles and other goods as part of a bid to reduce its trade surplus with the U.S. and avoid facing increased duties imposed by the Trump administration (see 2502130030).
Japan imposed provisional antidumping duties on graphite electrodes from China after determining the imports caused a "material injury to domestic industry," the Ministry of Finance announced March 25. The duty rate is set at 95.2% and takes effect March 29 and is in effect through July 28.
China this week published new rules, effective March 23, for the implementation of its anti-foreign sanctions law, clarifying what types of property Beijing can freeze in response to people and companies that violate the law, who China can target with the restrictions, and more.
U.S. ambassador to Japan nominee George Glass said March 13 that he would seek to ensure Japan follows through on its commitment to ramp up its purchase of U.S. liquefied natural gas to reduce its trade deficit with the U.S. and its reliance on Russia.