The United States and China want to talk about this Thursday in Washington again about how you their trade dispute can be settled. “China has informed us that you (…) come to the USA to make a Deal,” wrote U.S. President Donald Trump on Twitter. For Friday, the U.S. plan, however, in other areas the tariffs on Chinese products to raise. Announced by Trump on Sunday.
The Chinese government reacted to it and threatens retaliation. The United States should implement the planned tariff increases, will China take the “necessary counter-measures”, informed the Ministry of Commerce in Beijing. An escalating trade dispute but in the interest of China and the world. China would “deeply regret” if the United States implemented increases in their planned Customs.
Trump wants to increase the already introduced customs duties on selected Chinese Goods, with a value of 200 billion US Dollar as of Friday, from 10 to 25 percent. He also threatens with an extension of the special customs duties on all imports from China, which have a total volume of more than 500 billion US dollars.
The two largest economies in the show since months of each other with special duties, during the negotiations on an end to these measures.
China’s exports were surprisingly strong
The trade conflict with the USA, China’s exports in April, a surprisingly strong fall. During the trade with Germany and Europe rise, dropped the exchange of goods with the United States by 15.7 percent. However, the U.S. export suffered your: China’s imports of U.S. Goods declined by 30.4 percent.
many of the exports were brought forward and explained The decline in Chinese exports to the US experts, because of the threat of escalation in the past few months.
China’s economy grew in the first quarter, at 6.4 percent, unexpectedly stable, because the tax had cast cuts and other measures to stimulate the economy. These short-term measures that undermine long-term efforts to reduce the high debt burden in the country.