China's Reaction



China imposes additional levies on US, AEX falls further



China has announced a series of additional tariffs and restrictions on US goods in response to the sweeping import tariffs announced by the United States.

The Chinese Ministry of Commerce will impose additional tariffs of 34 percent on all American goods starting April 10, equal to the additional tariff imposed by the United States.

In addition, it will impose controls on the export of rare earth metals to the United States, starting today.

Sixteen U.S. companies will be placed on the export control list. These are mainly high-tech companies active in industries including agriculture, renewable energy and aerospace technology. These companies must obtain special permits to export their products.

Beijing says it is doing this to safeguard national security and to meet international obligations such as non-proliferation. Non-proliferation means that nuclear weapons will not spread and that non-nuclear countries will not build nuclear weapons.

'Unreliable'

Another ten US companies are being put on the Unreliable Entity List. This list mainly concerns companies that produce drones and other defense-related products, including Skydio, HavocAI and Red Six Solutions. China says it is doing this "to protect the country's national sovereignty and security".

If a company is placed on the Unreliable Entity List, it may be subject to sanctions or fines. These companies may also be prohibited from investing in China or Chinese companies may be prohibited from working with them.

China is also suspending the licenses of five American companies that export poultry products to China. China is doing this to ensure the health of Chinese consumers, the statement said. Products from these companies will no longer be allowed into the country for the time being. Financial markets react

After China announced the extra import duties, the AEX fell sharply. The loss is currently around 3.5 percent. Chip companies and banks in particular are losing a lot, around 5 to 10 percent.

US stock markets are also looking at a deep red opening. As it stands, the broader S&P 500 index is set to open down about 3 percent, after losing 5 percent yesterday. Companies with a lot of exposure to China and Asia, such as Apple, once again appear to be the biggest losers. Apple is down more than 6 percent premarket, after losing almost 10 percent yesterday.

Also striking is another sharp drop in the oil price, an indicator of expected economic growth. A barrel of Brent now costs around 65 dollars. Two days ago it was 75 dollars.





Questa mattina mi sono alzato
o bella ciao, bella ciao, bella ciao ciao ciao
questa mattina mi sono alzato
e ho trovato l'invasor.


This morning I woke up
oh bella ciao, bella ciao, bella ciao ciao ciao
this morning I woke up
and I found the invader.

  
Rufus Wainwright
# interview

  
Stevie Nicks
# Gold Dust Woman

  
Marais on Cello
# Amsterdam Prinsengracht
Concert on Water

  
George Moustaki
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Led Zeppelin
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Emma Marrone nella Notte della Taranta in Puglia

  
Tonite Let's All Make Love In London - Interstellar Mix

  
FIP
# RADIO

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