The US got involved in a trade war with China

19 June 2018, 10:52 | Policy
photo YTPO.ru
Text Size:

The Chinese Ministry of Commerce said that the United States violated market rules and harmed the whole world. The statement of the PRC department is caused by the fact that President Donald Trump is considering the possibility of imposing an additional 10 percent duties on a number of Chinese goods worth $ 200 billion if the Celestial Empire continues to raise taxes on American products, RIA Novosti reports.. The memorandum "On Combating China's Economic Aggression", allowing the introduction of restrictions against Chinese products, Trump signed in March 2018. After that, a list of 1,300. goods from China, which may fall under the influence of import duties. The White House came to the conclusion that annually China would lose about $ 50 billion on new duties, and the US through this step will overcome the trade deficit with China.

In retaliation, Beijing announced the possible introduction of taxes on American goods.

Later, the parties decided to slow down and in May the parties agreed to reduce the deficit of the US balance in trade with China, to increase exports of goods and services from the United States to China, to end the trade war and not introduce new taxes. In June, the White House changed its position and announced that it would soon announce the final list of Chinese goods, which would be subject to an additional duty of 25%. In response, China's Ministry of Commerce announced that the new step of the US absolutely contradicts previously reached agreements.




Add a comment
:D :lol: :-) ;-) 8) :-| :-* :oops: :sad: :cry: :o :-? :-x :eek: :zzz :P :roll: :sigh:
 Enter the correct answer