The Chinese government on Monday (April 14) said it is diversifying its market and looking for other trading partner countries, as it grapples with a tariff war with the United States.
Meanwhile, the US clarified that imports of smartphones, computers and some other electronics into America were not granted exemptions under its reciprocal tariff announcement on April 2 but will come under a separate tariff sector.
WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline
Meanwhile, the US clarified that imports of smartphones, computers and some other electronics into America were not granted exemptions under its reciprocal tariff announcement on April 2 but will come under a separate tariff sector.
WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline
Category
🗞
NewsTranscript
00:00The Chinese government on Monday said it is diversifying its market and looking for other trading partner countries, as it grapples with a tariff war with the United States.
00:11The General Administration of Customs said the Chinese Yuan-denominated exports rose 6.9% year-on-year in the first quarter of this year, while imports contracted by 6.0%.
00:22This came after factories rushed out shipments before the latest US tariffs took effect.
00:27The bulk of the second quarter of this year was omnia token of this year.
00:32The US tradeguber in a foreign policy began with euro from the traditional US siete point in the country to have struggled further over the 걸로 gave突然 anywhere and saw á06 more months.
00:51当前我国出口却是面临复杂严峻的外部形势,但是天塌不下来,近年来我国积极构建多元化的市场,深化与各方的产业链供应链合作,这不仅赋能了对方的发展,也增强了我们自身的韧性。
01:12同时,中国的内需市场广阔是重要的大后方,我们将坚定不移地办好自己的事,以自身的确定性应对外部环境的不确定性。
01:25They said China will implement necessary countermeasures against the Trump administration that has indiscriminately imposed tariffs up to 145% on Chinese imports, while promoting economic opening up and cooperation policies.
01:38U.S. Secretary of Commerce Howard Lutnick clarified that imports of smartphones, computers and some other electronics into America were not granted exemptions under its reciprocal tariff announcement on April 2nd.
01:50Remember, those products are going to be part of the semiconductor sectoral tariffs, which are coming.
01:57So you're going to see this week there'll be a register in the federal registry, there'll be a notice put out.
02:04That is different types of work. So we're going to do that, we did that in autos, the president's going to do it for pharmaceuticals, and he's going to do it for semiconductors.
02:13So all those products are going to come under semiconductors, and they're going to have a special focus type of tariff to make sure that those products get reassured.
02:22So what he's doing is he's saying they're exempt from the reciprocal tariffs, but they're included in the semiconductor tariffs, which are coming in probably a month or two.
02:33So this is not like a permanent sort of exemption. He's just clarifying that these are not available to be negotiated away by countries.
02:42These are things that are national security that we need to be made in America.
02:48On his return to Washington on Sunday, U.S. President Donald Trump said his administration will provide updates on the semiconductor and phone tariffs this week.
02:55That's right, but the tariffs will be in place in the not distant future, because as you know, like we did with steel, like we did with automobiles, like we did with aluminum, which are now fully on,
03:07we'll be doing that with semiconductors, with chips, and numerous other things, and that'll take place in the very near future.