Trade war: Chinese import of American cotton, cars and some energy products He fell in January and February 2025 after the President USA Donald Trump began to apply duties, and Beijing took retaliation – writes the Bloomberg agency. China bought almost 80 percent less cotton compared to the previous year, import cars with large engines he fell on law 70 percentand shopping of crude and condensed oil gas earthly decreased by over 40 percent According to the agency, this may be the beginning of common interference in global trade.
“Huge uncertainty”: In February, Chinese companies limited the export of small parcels. At this time, Walmart and other American enterprises are asking for a reduction pricesto compensate for the fees. Simultaneously Chinese soybean imports have increased (Law 50 percent) and processors and chips (almost twice). “Actions within the trade war that the US and China have imposed on each other over the past six weeks and the likelihood that in the coming months there will be more, causing great uncertainty and increase costs for enterprises throughout the region,” reads Bloomberg.
Additional meeting in the EU: On April 7, EU ministers, responsible for trade, will meet in Luxembourg. The meeting will concern Chinese and USA trade relations. Poland will be represented by a representative of the Ministry of Development and Technology.
The EU changed his mind: The US has imposed 25 % duties on steel and aluminum from Europe. Then, the European Union, as part of retaliation, announced customs duties on American goods of value EUR 26 billion. She was to do it in two stages – April 1 and April 13. However, ultimately the Union only decided on the duties he will impose on the second date. The head of the European Commission Ursula von der Leyen explained after the EU peak in Brusselsthat they are necessary Additional consultations with member countries and US administration.
Read also: “China play a great game. The European Union was in a difficult position“.
Sources: BloombergIAR