In the trade dispute with the US China tariffs on US has announced products. For Goods with a total value of 60 billion dollars would from 1. June special taxes levied. Depending on the product, customs duties in the amount of 10, 20, or 25 per cent should apply. More than 5,000 U.S. products are affected. Businesses could apply for exemptions.
The “adjustment” was a “response to the US unilateralism and trade protectionism”, informed the authorities in Beijing. China hope that the United States returned in the sense of mutual respect for bilateral economic cooperation. “China will never yield to external pressure,” said the foreign Ministry spokesman Geng Shuang. The people’s Republic have the self-awareness and also to defend their legitimate rights.
On Friday announced the USA, the customs duties on imports of goods to increase from China. The special levies on imports to the value of $ 200 billion rose from 10 to 25 percent. For further imports in the volume of $ 50 billion, an additional payment of 25 per cent, was already.
trade dispute – No rapprochement between the United States and China, The United States had asked China to change laws in order to comply with certain agreements. Since July of 2018, both countries refer to each other with punitive tariffs. © Photo: Jim Young/Reuters
a Short time before had expressed to U.S. President Donald Trump on Twitter to the trade conflict of the two countries and said that He had informed China’s President Xi and his friends in China open to the fact that it would hurt China if there is no agreement in the trade to achieve the dispute. “Many companies will be forced to leave China for other countries,” he wrote.
..There will be nobody left in China to do business with want to en. Very bad for China, very good for US! But China has taken so advantage of the U. S. for so many years, that they are way ahead (Our Presidents did not do the job). Therefore, China should not retaliate-and will only get worse!
— Donald J. Trump (@realDonaldTrump) 13. May 2019
in Addition, will soon be no more in China to do business, continued to Trump: “Very bad for China, very good for the USA!”
The negotiations on a trade agreement between the United States and China. The economic Advisor to the US President, Larry Kudlow, had given to the channel Fox News, that the increased US tariffs on Goods from China will affect both sides.
