Beijing21 minutes ago
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China has ordered its airline companies not to take delivery of new aircraft from American aircraft manufacturer Boeing. According to Bloomberg report, Beijing has also ordered to stop the purchase of parts and devices of the aircraft built in the US.
China has issued this order in response to the US 145% tariff. Boeing Airplane is an American company that produces airplane, rocket, satellite, telecommunication equipment and missiles. The company was founded on 15 July 1916 by William Boeing.
Airlines companies from many countries use plane made by Boeing. Boeing is the largest exporter company in the US and is also the third largest defense deal company in the world.
According to media reports, more than 1.5 lakh employees of the company work in different places around the world.
China also stopped supply of precious metals
China has also banned the export of 7 precious metals (rare economy) among the US growing trade war.
China has also stopped the magnets of magnets required to assemble from cars, drones to robots and missiles.
These materials are very important for automobiles, semiconductors and aerospace business. This decision will affect motorcycles, aircraft, semiconductor and weapon making companies worldwide. They will become expensive.
On April 4, China issued an order to ban the export of these 7 precious metals. According to the order, these precious metals and special magnets made from them can only be sent out of China with special permits.
Use of rare economy material from electronics to IT
Rare Earth is a group of materials 17 elements, from consumer electronics to military equipment. It is used in modern technical oil refinery and many other industries besides IT industries, solar energy, chemical industries.
America will put separate tariffs on electronic goods
US President Donald Trump said on Sunday that smartphones, computers and other electronic equipment such as are exempted from tit tariff, but it is for a short time. He announced to start an investigation into the semiconductor sector and the entire electronics supply chain.
Trump said in a social media post that a separate tariff will be imposed on these electronics. Earlier, American Commerce Secretary Howard Lutnik had said that exemption to other electronic goods including smartphones and computers is temporary.
He said that in the next 2 months, there is a plan to put a separate tariff on these things. It will be announced later. Lutnik said that the new tariffs will be installed keeping in mind the National Security, so that these products can be produced in the US.
Relief to American tech companies from exemption on electronic goods
The American Customs and Border Protection (CBP) issued a notice on Saturday stating that smartphones, computers and other electronic equipment have been exempted from reciperoot tariffs. This decision is considered to be a big relief for many American tech companies.
Last week, due to the continuous change in Tram’s tariff policy, the biggest turmoil was seen in Wall Street since the 2020 Kovid epidemic. Standard and Puers 500 index fell more than 10% since Trump came to power on 20 January.
In response to Trump’s 145%, China retaliated on Friday, increasing its tariffs on US imports by 125%. However, the Commerce Ministry of China appealed to the US on Sunday to completely eliminate the reciperook tariff.
China said- who tied the bell around the lion’s neck, he opened
The Chinese Ministry had said that only the person who has tied the bell tied around the lion’s neck. America took a big step to rectify its mistakes. The recipes should completely cancel the wrong practice of the tariff and return to the path of mutual respect.
Amidst the ongoing tariff war with the US, China said a few days ago that it would choose to fight until the end of the ‘force’ in front of America.
Chinese Foreign Ministry spokesman Mao Ning said that China is not afraid of provocation, it would not back down. Mao Ning shared a picture on social media. It states that American will buy only Chinese goods even after the price is expensive.
China is insisting on increasing new industry and innovation
China has government bonds of about 600 billion pounds (about $ 760 billion) in the US. This means that China has a great force to influence the American economy. At the same time, China has also started its preparation.
China has given an additional $ 1.9 lakh crore loan to the industrial sector. This intensified the construction and upgradation of factories here. Huawei has opened a research center for 35,000 engineers in Shanghai, 10 times larger than Google’s California headquarters. This will speed up technology and innovation capacity.
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