“On Tuesday, China entered duties on some American goods in response to new customs duties, which exacerbated the trade war between the two largest economies in the world.”, – WRITE: epravda.com.ua
On Tuesday, China entered duties on some American goods in response to new customs duties, which exacerbated the trade war between the two largest economies in the world. About it reports Reuters. An additional 10% duty on all Chinese goods imported to the United States came into force on Tuesday. Trump has repeatedly stated that China is doing not enough to stop the flow of illegal drugs to the US. In response, the Ministry of Finance of China has announced the introduction of 15% of US coal and liquefied natural gas (LNG), as well as 10% for oil, agricultural equipment and some cars. Advertising: In addition, China has launched an antitrust investigation against Alphabet Inc. (Google), and added to the list of “unreliable companies” PVH Corp (owner of brands, including Calvin Klein) and American biotechnology company Illumina. Separately, the Ministry of Commerce and the Customs Administration of China have announced the introduction of export control on some rare land elements and metals that are of key importance for the production of high -tech devices and the development of pure energy. New Chinese duties on American exports will take effect on February 10, which gives Washington and Beijing time for possible negotiations. The White House reported that Trump plans to talk to the head of the PRC Xi Jinping later this week. Advertising: on Monday, Trump postponed 25% of duties on goods from Mexico and Canad crime. Recall: US President Donald Trump has signed three decrees on the introduction of additional duties on goods from Canada, Mexico and China. This was the first official decision within the trade war. Canada and Mexico leaders promised to answer similar measures. China plans to challenge new Trump duties in the World Trade Organization (WTO), as well as respond to uncertain countermeasures.