“US President Donald Trump emotionally accused China of violating the mutual reduction of duties. Source: He wrote about it on his social network Truth Socal, reports “European Truth” details: Trump said that the “China was in serious economic danger” was agreed to the tariff reduction and there, “mildly speaking,” civic riots “began.”, – WRITE: www.pravda.com.ua
Source: He wrote about it on his social network Truth Social, reports “European Truth”
Details: Trump stated that the “China was in serious economic danger” and there, to put it mildly, “civic riots” began.
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“I concluded a quick deal with China to save them from what, in my opinion, could be a very bad situation, and I did not want it to happen,” he said.
But, according to the US President, “China, which is probably not a surprise for some, completely violated the agreement with us” (the last words are written in capital letters. – Ed.).
Trump did not specify how China did not adhere to the US agreement, and did not indicate how the US side would respond to the violation.
We will remind, according to the agreement, the US had temporarily reduce tariffs Chinese goods from 145% to 30%, and China will reduce duties on US imports from 125% to 10%. The parties also agreed to create a “mechanism to continue discussions on economic and trade relations.”
We will remind, Donald Trump raised tariffs for imports from China to 145%, and Beijing with its measures in response raised tariffs for American goods to 125%.
In April, exports from China to the United States collapsed by 21%, and the business began to be concerned about the threat of a shortage of goods and components. By late April Trump began to recognizethat unprecedented duties against China will have to be reduced.