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China hits back at US tariffs with vow to take case to the WTO

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In response to US tariffs, China says it will safeguard its interests. Photo: AFP

China will file a claim with the WTO and take necessary countermeasures to safeguard its interests, the Ministry of Commerce said on Sunday after the US announced it would impose tariffs on Chinese goods.

“The unilateral tariff hikes by the US seriously violate World Trade Organization rules,” the ministry said, adding that the move “not only fails to address America’s own issues” but also “disrupts normal China-US economic and trade cooperation”.

“We urge the US to take an objective and rational approach to its domestic issues, such as fentanyl, rather than resorting to tariff threats against other countries,” the ministry said.

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The ministry’s statement followed US President Donald Trump’s decision on Saturday to sign an executive order imposing a 10 per cent tariff on Chinese imports in response to what he said was the failure of Chinese officials to stem the flow of precursor chemicals for fentanyl into the United States.

Fentanyl is a powerful synthetic opioid that has led to hundreds of thousands of deaths in North America.

The White House also referred China’s “intellectual property theft, forced technology transfer, and other unreasonable behaviour”, as well as illegal immigration “including a rising number of Chinese nationals and people on the terror watch list”.

The Chinese Ministry of Foreign Affairs reaffirmed Beijing’s efforts to control the illegal production of fentanyl, saying the country was “one of the world’s strictest and most thorough enforcers of anti-narcotics policies”.

“The fentanyl crisis is a problem of the United States, and out of humanitarian concern, China has supported US efforts to tackle the issue,” the foreign ministry said.

It called the tariffs “unconstructive”, saying they would “inevitably impact and undermine” future cooperation between the two sides on drug control.

“We urge the US to correct its wrongful actions, safeguard the hard-won progress in bilateral anti-drug cooperation, and promote the stable, healthy, and sustainable development of China-US relations,” the foreign ministry said.

Along with the tariffs on Chinese imports, Trump also signed orders to impose a 25 per cent tariff on goods from Canada and Mexico. The tariffs will go into effect on Tuesday and will be on top of those already in place.

Gary Ng, a senior economist at French investment bank Natixis, said the executive orders marked a new trade war era, with the US “using tariffs to achieve US economic and geopolitical goals, regardless of whether they are (against) allies”.

“The move has brought the tariffs on the US’ biggest trading partners to a more similar level (as those on China),” Ng said.

He said China could take a range of retaliatory measures, including imposing reciprocal tariffs, introducing export controls on certain critical materials, and restricting market access for certain American firms.

Zhang Zhiwei, president and chief economist at Pinpoint Asset Management, said the 10 per cent tariffs signed off by Trump were “not a big shock to China’s economy”.

“It’s unlikely to change the market expectation of China’s macro outlook this year, which already factored in higher tariffs from the US,” Zhang said.

The tariffs on China are also well below the 60 per cent import duties Trump threatened to enact at various points on the presidential campaign trail last year.

Zhang added the focus of the US trade policy announced on the weekend was on Canada and Mexico, not China, pointing to the differing tariff rates imposed on each country.

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This article originally appeared on the South China Morning Post (www.scmp.com), the leading news media reporting on China and Asia.

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Uche Mark Impressed by Egemba”s sincerity of purpose, rates his ability for productivity high

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A well-known dredger, in Imo State, Mr Uche Mark has expressed strong believe in the moves and motives of Imo State Honourable Commissioner for Industry, Mines and Solid Minerals, Barr Jerry Egemba to  address the challenges facing dredgers in Imo State and finally champion a transformational moves for the good of the stakeholders and the Shared Prosperity Administration of Governor Hope Uzodimma.

Speaking during a familiarization meeting with Imo State Commissioner for Industry, Mines and Solid Minerals, Hon. Barr. Jerry Egemba, at the conference room of the ministry in Owerri, he praised Egemba’s sincerity of purpose and ability for productivity, stating that there are obvious signs that he will write the wrongs.

He described the meeting as a commendable move, stating it was a forum with great opportunity for meaningful interaction on issues affecting dredgers.

An elated Uche Mark expressed hope that Egemba would address the problems faced by dredgers, stating that most of them had ended up in court due to neglected cries.

Tracing the genesis of crises faced by dredgers in the state, ge attributed  it to the selfish actions of their former chairman, who worked for his own interest

The well known dredger assured Egemba that he and other dredgers were ready to comply with the office of the commissioner, but urged him to address their demands.

He advised Egemba to be careful and watch out for manipulations by some agencies, stating that they would try to corrupt his ideas andefforts.

Stressing the need for careful attention to the environment to in order to avoid environmental disaster, he emphasized the importance of Dredging with caution for environmental preservation.

He  urged Commissioner Egemba to put his house in order to avoid distraction,  manipulations and spoilers role from real enemies of the ministry and enemies of  the state

He described Egemba as a vibrant elderly young man who can match activity with productivity, stating that he had encountered him in the field and seen his tireless efforts.

Uche Mark urged Commissioner  Egemba to make the industry safe and collaborative, stating that he had started on a good footing.

His words, Hon.Commissioner, please, I will advised you to check out the Mining Act and fortify your actions with it,  all your predecessors had not gotten it right but I believe you will get it write because you started well

I have seen the good  heart of the commissioner, I am confidence in his ability to write the wrongs and make a positive difference in the industry , on behalf of company and the dredgers in Imo State, I promise to give you maximum support.

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Anambra Business man, Chief Godwin Ubaka Okeke(GUO Motors) Commends Igbo Youths’ Restraint Over Nnamdi Kanu Sentence *Promise To Support Any Legitimate Efforts Towards His Release

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Chairman of GUO Group of Companies Limited, Chief Godwin Ubaka Okeke, has commended Igbo youths for their restraint following the life imprisonment sentence handed down to the leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu.

Speaking to journalists at his GRA residence in Onitsha at the weekend, Okeke praised the calm maintained since the November judgment of Justice James Omotosho of the Federal High Court, Abuja, but warned that such patience should not be mistaken for weakness.

He called on relevant authorities to urgently pursue a political solution to Kanu’s situation, urging Southeast governors, the leadership of Ohanaeze Ndigbo and other prominent stakeholders to lobby for a presidential pardon.

“I salute Igbo youths for their patience. While they remain calm, the relevant authorities should begin to consider the quickest political solution to this matter,” he said.

Okeke appealed to President Bola Ahmed Tinubu to consider the appeals of prominent groups and individuals backing a political resolution, stressing that early intervention would help ease tension in the region.

He also expressed willingness to support any legitimate efforts towards a political solution, adding that stakeholders in the transport industry were ready to assist if logistics support was required.

On the issue of multiple security checkpoints in the Southeast and complaints of extortion, Okeke said the presence of police and military checkpoints was preferable to the activities of armed bandits and kidnappers.

According to him, encountering security agencies on highways, even with occasional demands for small payments, is safer than meeting criminals who abduct, kill and demand huge ransoms.

He argued that many security personnel operate under difficult conditions and poor welfare, noting that they often risk their lives to protect commuters.

However, Okeke advised security operatives to be more civil in their approach to the public to build trust and reduce tension at roadblocks, while urging the public to better appreciate the risks faced by security agents.

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NNPC Slashes Petrol Price

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The Nigerian National Petroleum Company Limited (NNPC) has reduced petrol prices at its retail stations in Lagos, Abuja, and other states by at least N20 per litre.

 

Current pump prices now range between N895 and N965.

In Lagos, the price dropped from N910 to N890 per litre, while in Abuja, it moved down from N940 to N920 per litre.

Other stations, including Ardova, MRS, and First Royal, are now selling petrol at N890 per litre.

 

Across the country, new pump prices for major states are as follows: Abuja N920, Lagos N890, Abia N912, Adamawa N940, Akwa Ibom N910, Anambra N905, Bauchi N915, Bayelsa N900, Benue N935, Borno N945, Cross River N910, Delta N900, Ebonyi N928, Edo N910, Enugu N912, Gombe N965, Imo N928, Kaduna N935, Kano N935, Kwara N905, Nassarawa N935, Niger N955, Ogun N905, Ondo N905, Osun N895, Oyo N905, Plateau N900, Rivers N895, Sokoto N935, Taraba N950, Yobe N950, and Zamfara N945.

 

Depot prices have also been adjusted following the arrival of fresh petrol shipments.

 

In Lagos, depots such as Wosbab, Chipet, Integrated, and Bovas now sell at N836 per litre, with Aiteo charging N835. Port Harcourt depots including Masters, Liquid Bulk, and Bulk Strategic reduced rates to N853, while Warri depots adjusted prices between N846 and N848.

 

Calabar depots also lowered costs, with rates ranging from N846 to N849 per litre.

 

The reduction comes after Dangote Refinery lowered its gantry price to N840 per litre.

Diesel prices also fell, dropping from N950 to N910 per litre.

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