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08:49
China: White House says China faces up to 245% tariffs due to its retaliatory actions
SHOTLIST: NEW YORK, UNITED STATES (MAY 31, 2022) (ANADOLU - ACCESS ALL) (FILE FOOTAGE) 1. VARIOUS OF DRONE SHOTS OF CONTAINER SHIP QINGDAO, CHINA (JUNE 25, 2022) (ANADOLU - ACCESS ALL) (FILE FOOTAGE) 2. VARIOUS OF CONTAINERS BEING CARRIED BEIJING, CHINA (MARCH 5, 2024) (ANADOLU – ACCESS ALL) (ARCHIVE FILE) 3. EXTERIOR SHOT OF GREAT HALL OF PEOPLE 4. VARIOUS OF POLITICIANS INSIDE GREAT HALL, CONDUCTING DISCUSSIONS BOADING, CHINA (NOVEMBER 18, 2023) (AAVN – ACCESS ALL) (ARCHIVE FILE) 5. VARIOUS OF EXTERIOR OF GREAT WALL MOTORS RELATED EXQUISITE MOTORS’ FACTORY 6. COMPANY OFFICIAL EXPLAINING (Chinese) THEIR PRODUCTION LINE BOOSTED BY ADVANCED 5G NETWORK TECHNOLOGY (2 SHOTS) 7. VARIOUS OF WORKERS ON PRODUCTION LINE OF EXQUISITE MOTORS FACTORY MANUFACTURING CAR PARTS 8. VARIOUS OF AUTOMATED MACHINES MANUFACTURING GOODS 9. WORKERS MANUFACTURING ON PRODUCTION LINE OF FACTORY NEW YORK CITY, US (APRIL 3, 2025) (ANADOLU - ACCESS ALL) 10. TIMELAPSE VIDEO OF NEW YORK STOCK EXCHANGE BUILDING IN NEW YORK CITY 11. FINANCIAL DISTRICT OF LOWER MANHATTAN IN NEW YORK CITY 12. SCREENS SHOWING LOSING STOCKS CANAKKALE, TÜRKİYE (RELEASED APRIL 6, 2025) (USERS MUST CREDIT “BYD” ----EDITORIAL USE ONLY) (FILE FOOTAGE) 13. VARIOUS OF LARVE VESSEL BYD CHANGZHOU CARRYING BYD VEHICLES PASSING THROUGH DARDANELLES STRAIT KOCAELI, TÜRKİYE (RELEASED APRIL 6, 2025) (USERS MUST CREDIT “BYD” ----EDITORIAL USE ONLY) (FILE FOOTAGE) 14. DRONE SHOTS OF LARVE VESSEL CARRYING BYD VEHICLES ARRIVING AT SAFIPORT (2 SHOTS) 15. VARIOUS OF BYD CARS BEING DRIVEN OUT OF VESSEL BY WORKERS SHANGHAI, CHINA (OCTOBER 12, 2022) (ANADOLU – ACCESS ALL) (FILE FOOTAGE) 16. VARIOUS OF SHANGHAI TOWER, TALLEST BUILDING IN CHINA 17. VARIOUS OF SKYSCRAPERS ALONG RIVER 18. VARIOUS OF SKYSCRAPERS AND SHANGHAI TOWER AT NIGHT SHANGHAI, CHINA (JULY 30, 2029) (ANADOLU – ACCESS ALL) (FILE FOOTAGE) 19. WIDE SHOT OF BOAT SAILING NEAR SKYSCRAPERS (2 SHOTS) SHANGHAI, CHINA (JULY 11, 2022) (ANADOLU- ACCESS ALL) (FILE FOOTAGE) 20. PEOPLE CROSSING ROAD NEAR SKYSCRAPERS, SOME CARRYING UMBRELLA 21. BANK OF CHINA BUILDING (FILE VIDEO) US/TÜRKİYE/CHINA: The China-US trade war escalated as Beijing's 125% tariffs on imports from Washington officially took effect early Saturday. China’s 125% tariffs on US imports took effect after the Trump administration raised tariffs to 145% on Chinese imports. However, Beijing has said it will no longer raise tariffs even if the US takes further steps. The US announced that China now faces a new tariff up to 245% as a result of its retaliatory measures, according to a statement by the White House on late Tuesday. A national security inquiry into vital resource imports has been launched by the White House's latest administrative order, which was revealed on late Tuesday. The order also included explanations for the reciprocal tariffs announced on April 2. "On Day One, President Trump initiated his America First Trade Policy to make America’s economy great again," it said. "More than 75 countries have already reached out to discuss new trade deals. As a result, the individualized higher tariffs are currently paused amid these discussions, except for China, which retaliated," it added. "A few months ago, China banned exports to the United States of gallium, germanium, antimony, and other key high-tech materials with potential military applications. "Just this week, China suspended exports of six heavy rare earth metals, as well as rare earth magnets, in order to choke off supplies of components central to automakers, aerospace manufacturers, semiconductor companies and military contractors around the world." The statement did not clarify the exact tariff rate China faces but it implied that the tariff rate could go up to 245%. China increased its tariffs on imports of US goods to 125% last Friday in a tit-for-tat move to Trump, who effectively raised US tariffs on Chinese goods to 145%, while putting a 90-day pause on planned levies for other countries' goods.
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