[ad_1]
US President Donald Trump said he is ready Friday to introduce punitive taxes on all Chinese goods imported by the United States if necessary.
"I'm ready to go to the 500", said Mr. Trump on the CNBC television channel, an allusion to the $ 505.5 billion of Chinese products imported by the United States in 2017. "I do not do it for political purposes, I do it to do what is good for our country ". "It's been a long time since China scammed us," he added.
After imposing import taxes on washing machines, solar panels, steel and aluminum and already 34 Billion dollars of Chinese products in total, Washington announced on July 10 a new list of products covered, involving $ 200 billion of Chinese goods.
In total, it is $ 250 billion of Chinese products imported to the States US that could now be affected: 50 billion initial (the 34 billion already targeted and 16 billion soon disclosed) and 200 billion recently announced.
In addition to an abysmal trade deficit, Washington accuses Beijing "theft" of property rights intellectual property, non-tariff barriers and technology transfers imposed when joint ventures with the Chinese are established.
The Chinese authorities, for their part, accused Washin of for having triggered "the greatest trade war in economic history". They announced on July 6 retaliatory measures also on $ 34 billion of US imports, including pork and soybeans.
Beijing also reported the filing "immediate" of an additional complaint against the states United States at the World Trade Organization (WTO).
"I do not want them to be afraid," the US president said, again about the Chinese. "I really like President Xi (Jinping), but it's very unfair."
In the same interview, Donald Trump also openly criticized the Fed's monetary policy, an extremely rare initiative on the part of of the executive against a central bank that prides itself on its independence
© 2018 AFP. All rights of reproduction and representation reserved. All information reproduced in this section (news, photos, logos) is protected by intellectual property rights held by AFP. Therefore, none of this information may be reproduced, modified, reposted, translated, exploited commercially or reused in any way without the prior written consent of AFP.
[ad_2]Source link
