Washington sharply increased tariffs on Chinese goods<\/a>, including electric vehicles (EVs), solar panels and computer chips.<\/p>\nThe new US moves also expanded on sweeping border taxes that were imposed on Chinese goods under the Trump administration.<\/p>\n
In response, China’s commerce ministry said the new moves would “severely affect the atmosphere for bilateral cooperation”, and criticised what it characterised as the politicisation of economic issues.<\/p>\n
Ahead of the heavily-trailed White House announcement, a spokesperson for China’s foreign ministry said it would “take all necessary measures to safeguard its legitimate rights and interests”.<\/p>\n
Separately on Monday, China sanctioned three American defence firms over their sales of weapons to Taiwan, state media said.<\/p>\n
The announcement that General Atomics Aeronautical Systems, General Dynamics Land Systems, and Boeing Defense, Space & Security are barred from “import and export” business in China came as the self-ruled island inaugurated a new president.<\/p>\n
Senior executives of all three companies are banned from entering, working or living in China, the commerce ministry said.<\/p>\n
Meanwhile, Europe has launched a series of probes into Chinese imports.<\/p>\n
On Friday, the EU said it would launch an investigation into Chinese tinplate steel.<\/p>\n
And last month, Brussels said it was probing two Chinese solar panel makers, that it says benefit from government subsidies.<\/p>\n
The European Commission (EC), which oversees the EU’s trade policies, has also given itself a 4 July deadline to decide whether to impose measures against imports of Chinese-made EVs.<\/p>\n<\/div>\n
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