BANGKOK: China announced Friday that it will impose a 34 percent tariff on imports of all US products beginning April 10, part of a flurry of retaliatory measures following US President Donald Trump’s “Liberation Day” slate of double-digit tariffs.
The new tariff matches the rate of the US “reciprocal” tariff of 34 percent on Chinese exports that Trump ordered this week.
The Commerce Ministry in Beijing also said in a notice that it will impose more export controls on rare earths, which are materials used in high-tech products such as computer chips and electric vehicle batteries.
Included in the list of minerals subject to controls was samarium and its compounds, which are used in aerospace manufacturing and the defense sector. Another element called gadolinium is used in MRI scans.
China’s customs administration said it had suspended imports of chicken from some US suppliers after detected furazolidone, a drug banned in China, in shipments from those companies.
Separately, it said had found high levels of mold in the sorghum and salmonella in poultry meat from some of the companies. The announcements affect one company exporting sorghum, C&D Inc., and four poultry companies.
Additionally, the Chinese government said it had added 27 firms to lists of companies subject to trade sanctions or export controls.
Among them, 16 are subject to a ban on the export of “dual-use” goods. High Point Aerotechnologies, a defense tech company, and Universal Logistics Holding, a publicly traded transportation and logistics company, were among those listed.
Beijing also announced it filed a lawsuit with the World Trade Organization over the tariffs issue.
“The United States’ imposition of so-called ‘reciprocal tariffs’ seriously violates WTO rules, seriously damages the legitimate rights and interests of WTO members, and seriously undermines the rules-based multilateral trading system and international economic and trade order,” the Commerce Ministry said.
“It is a typical unilateral bullying practice that endangers the stability of the global economic and trade order. China firmly opposes this,” it said.
Other actions include the launch of an anti-monopoly investigation into DuPont China Group Co., a subsidiary of the multinational chemical giant, and an anti-dumping probe into X-ray tube and CT tubes for CT scanners imported from the US and India.
In February, China announced a 15 percent tariff on imports of coal and liquefied natural gas products from the US It separately added a 10 percent tariff on crude oil, agricultural machinery and large-engine cars.
Dozens of US companies are subject to controls on trade and investment, while many more Chinese companies face similar limits on dealings with US firms.
The latest tariffs apply to all products made in the US, according to a statement from the Ministry of Finance’s State Council Tariff Commission.
While friction on the trade front has been heating up, overall relations are somewhat less fractious.
US and Chinese military officials met this week for the first time Trump took office in January to shared concerns about military safety on the seas. The talks held Wednesday and Thursday in Shanghai were aimed at minimizing the risk of trouble, both sides said.
China imposes a 34 percent tariff on imports of all US products starting April 10
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China imposes a 34 percent tariff on imports of all US products starting April 10
- The new tariff matches the rate of the US “reciprocal” tariff of 34 percent on Chinese exports that Trump ordered this week
- China’s customs administration said it had suspended imports of chicken from some US suppliers after detected furazolidone
US VP Vance says India-Pakistan conflict ‘fundamentally none of our business’
WASHINGTON: US Vice President JD Vance on Thursday said Washington wanted to see a “de-escalation” in a worsening conflict between India and Pakistan, but that it was “fundamentally none of our business.”
“What we can do is try to encourage these folks to de-escalate a little bit, but we’re not going to get involved in the middle of a war that’s fundamentally none of our business and has nothing to do with America’s ability to control it,” said Vance, who has been a proponent of US disengagement from international conflicts, in an interview with Fox News.
Senegalese lawmakers weigh corruption cases against former ministers
DAKAR: Senegalese lawmakers on Thursday began debating whether to allow several former ministers to face charges before a special court over accusations they embezzled funds meant for the country’s fight against COVID-19.
Senegal’s National Assembly is controlled mainly by President Bassirou Diomaye Faye’s party, elected in March last year on a promise to change how the West African country is run compared to his predecessors.
Faye has made the fight against corruption a policy priority and has launched investigations into the administration of Macky Sall, president from 2012 for 12 years.
But the opposition has slammed the moves as a “witch hunt.”
Last Friday, lawmakers lifted parliamentary immunity from prosecution for two opposition MPs caught up in the allegations while serving in Sall’s administration.
Proceedings of this type are rare in Senegal, and lawmakers must authorize cases against former ministers in the exercise of their duties.
Moustapha Diop was the industrial development minister while Salimata Diop was the women’s affairs minister under Sall when the fund to fight the spread of Covid-19 was established in 2020-21.
Both have rejected accusations that they misappropriated any of the money, totaling one trillion CFA francs ($1.7 billion).
The funds were intended to reinforce the health care system, support households and the private sector, and protect jobs during the pandemic.
However, a December 2022 Court of Auditors report revealed irregularities, such as 2.7 billion CFA francs in over-invoicing of rice purchased for disadvantaged households and some 42 million CFA francs for sanitiser.
Three other former ministers accused are Amadou Mansour Faye, the former president’s brother-in-law, Aissatou Sophie Gladima, and Ismaila Madior Fall.
Several prominent figures, including artists, broadcasters, fashion designers, and senior officials, have been questioned during an investigation.
Parliament lifted immunity for Moustapha Diop and Salimata Diop last Friday as they were elected lawmakers in November after Sall left office.
A three-fifths majority of the 165 lawmakers is required to adopt each draft resolution, with voting by secret ballot.
The High Court’s investigative committee could then question the accused, who will decide whether or not to commit them for trial.
The court’s final decision is not subject to appeal.
Albania votes in election test for EU accession
- Vote — a first of its kind, as Albanians abroad can take part — pits outgoing Prime Minister Edi Rama against his arch-rival Sali Berisha
- Doors to Brussels, he says, are the key to ‘being able to give Albanians a European passport’ and allowing them to ‘benefit from the same rights as citizens of all other European countries’
TIRANA: Albanians go to the polls on Sunday for legislative elections seen as crucial to gauge the country’s democratic development and determine its widely held goal of a European future.
The vote — a first of its kind, as Albanians abroad can take part — pits outgoing Prime Minister Edi Rama against his arch-rival Sali Berisha, a right-winger who heads an alliance of opposition parties.
Rama, 60, has been Socialist Party leader since 2005 and is seeking an unprecedented fourth consecutive term on a promise of European Union membership by 2030.
The doors to Brussels, he says, are the key to “being able to give Albanians a European passport” and allowing them to “benefit from the same rights as citizens of all other European countries.”
Trying to stop Rama is Berisha, 80, who is eager to return to power after 12 years in opposition.
The former president heads an opposition coalition that has adopted a Donald Trump-like slogan, “Great Albania,” based on economic revival.
“We are the only ones who can relaunch the country’s economy, the only ones able to take Albania forward. Edi Rama is counting the last days of his regime,” said Berisha.
The campaign also gives him a chance to reburnish his image as a strong leader, despite being under the spotlight of Albanian justice, where he is suspected of being implicated in a corruption case that allegedly benefited his family.
Shortly before the end of a campaign marked by verbal excesses, particularly on social media, the latest polls indicated a win for Rama’s party.
The Organization for Security and Cooperation in Europe meanwhile said there was “extreme political polarization” in the Balkan nation of 2.8 million.
Berisha accuses the socialists of “vote-buying, voter intimidation, pressure, use of public funds by ministers and majority candidates for their election campaign.”
Rama has dismissed the claims as “nothing but an excuse for defeat.”
For the first time in the history of elections in Albania, the diaspora is able to vote from abroad by post, in a test for the development of democratic processes and institutions, especially in the context of EU accession negotiations, which began in 2022.
According to official data from the central electoral commission, 245,935 Albanians not resident in Albania are registered to vote.
“Albania has made significant process on the path to EU accession, demonstrating its perseverance in implementing ambitious reforms for the benefit of its citizens,” Silvio Gonzato, the EU delegation’s ambassador in Albania, told AFP.
The losers have challenged the results of every election since the end of communism at the start of the 1990s on the grounds of fraud.
But this time round the vote is being closely watched and in another first, civil servants and justice officials will be deployed alongside the electoral commission and some 300 international observers.
The special prosecutor against corruption and organized crime has meanwhile just opened a verification procedure over a $6-million contract signed in April between an Albanian-American community foundation in the United States and the US lobbying firm Continental Strategy.
Continental Strategy was founded by Carlos Trujillo, a top adviser to Trump.
“The contract aims to strengthen relations between the United States and the Democratic Party, the main opposition force,” according to the party.
For Brussels, Sunday’s vote is a major new test for Albania, which has been a member of NATO since 2009.
“The organization of free and fair elections, in line with democratic norms and democratic values, will be an essential step to reinforce Albanian democracy, boost citizens’ trust in their elected representatives and advance the country’s European integration,” said Gonzato.
Just five days after the elections, Tirana will be the venue for the next European Political Community summit.
Portugal police arrest crime ring over fraudulent permits for 10,000 foreigners
- The foreigners paid to obtain bogus labor contracts that allowed them to stay in the
- Portugal’s center-right government has toughened some immigration rules in the past year
LISBON: Portuguese police have arrested 13 people they believe provided an estimated more than 10,000 foreigners with residence permits and documents allowing them to stay in Portugal and the European Union in exchange for bribes, police said on Thursday.
A spokesperson for the Judicial Police force said the bribes paid to the group, which included a foreign ministry employee, a lawyer and several entrepreneurs, averaged 15,000 euros ($16,950) per person.
The foreigners paid to obtain bogus labor contracts that allowed them to stay in the country and then get residence permits, open bank accounts and access the social security system. Many of them have since left for other EU member states, police said.
Portugal’s center-right government has toughened some immigration rules in the past year, reflecting attempts elsewhere in Europe to fend off the rise of the far-right, and on Saturday vowed to deport 18,000 illegal migrants in the coming months.
It was not immediately clear if those who benefited from the illegal scheme counted among those.
Still, the country remains relatively open to migrants, particularly from Portuguese-speaking countries in Africa and from Brazil. Many experts argue that growing immigration has stoked economic growth.
While anti-immigration sentiment is expected to play a role in an early election on May 18, far-right party Chega has been steady or declining in opinion polls after a surge in the previous election last year. The center-right Democratic Alliance of Prime Minister Luis Montenegro looks set to win the most votes.
IMF says Nigeria repays $3.4 billion COVID-19 funding
- In April 2020, the IMF provided the financing to help Nigeria
- “Nigeria is expected to honor some additional payments,” Ebeke added
LAGOS: Nigeria has repaid $3.4 billion in emergency funding it received from the International Monetary Fund (IMF) to help the country cope with the impact of the coronavirus pandemic five years ago, the global lender said on Thursday.
In April 2020, the IMF provided the financing to help Africa’s largest oil exporter cope with a collapse in crude prices, which hit its finances and tipped the economy into recession.
IMF resident representative to Nigeria Christian Ebeke said in a statement that, as of April 30, the country had “fully repaid the financial support” it received under the Fund’s Rapid Financing Instrument, a facility that provides urgent balance of payments funding to member nations.
“Nigeria is expected to honor some additional payments in the form of Special Drawing Rights charges of about $30 million annually,” Ebeke added.
The most recent data from the Debt Management Office shows that Nigeria last year spent $4.66 billion to service its foreign debt, of which $1.63 billion was to the IMF.
