There is a renewed trade war between the United States and China and there is a fear for the impact on markets around the world

The United States government ordered the imposition of new tariffs of 10% on products imported from China worth $ 200 billion, according to the Trade Representative's Office. The measure adopted is a response to a previous increase established by Peking also as a reflection of the first taxes imposed by Washington.

Last Friday, US tariffs of 25% for $ 34,000 million came into force as part of a first $ 50 billion tax package, to which China responded with identical measures. "Due to China's retaliation and the lack of changes in its practices, the president ordered the sales representative's office to begin the process of imposing 10% tariff on 200 000 million Chinese imports ". a statement issued by this agency responsible for foreign trade

The list of products that will pay these tariffs includes fruits and vegetables, cereals, products of animal origin, wood, boats or building materials. The list also includes chemicals, fuels, tobacco and alcohol, textiles, answering machines, and photographic and video equipment, among others. Washington accuses China of using abusive practices, including cyber-theft, to overcome US technological dominance.

"For more than a year, the Trump administration has been urging China to abandon its unfair practices, open its market, and compete in the market," said the US government. in his press release. "Unfortunately, China has not changed its behavior, a behavior that jeopardizes the future of the US economy," the official report concludes.

The first reactions of the international markets were not good. The Tokyo Stock Exchange falls about 2% after the opening of the day. It is expected that throughout the day, the impact of the Trump government's decision will result in financial strains on the European and US markets, which would result in pressure on emerging markets like the United States. ;Argentina.

This breakthrough in trade confrontation between the two most powerful countries in the world takes place in the ten quieter days of the local market. On Tuesday, the US dollar fell 58 cents and closed at $ 28.04 on the retail market.