Trump threatens to impose another $ 500 billion on China



[ad_1]

This will be the third hurdle to the Asian country this year; EDF reacts to rising interest rates to contain the inflationary effects of protectionism

Donald Trump, US, and Xi-Jinping, China's "title =" Donald Trump, US, and Xi-Jinping, from China. "

US President Donald Trump and Chinese leader Xi-Jinping (Sean Gallup / Getty Images and Nicolas Asfouri / Reuters)

US President, and Xi-Jinping, US United, Donald Trump declared today that they were "willing" to impose $ 500 billion tariff on imports from China

"We think a lot, I'm ready to reach the 500 [bilhões de dólares]," said the US leader in an interview broadcast today on CNBC I do not do that for politics I'm doing this for to do the right thing for our country. "

After weeks of seemingly infertile negotiations, the United States imposed a 25% import duty on Chinese mechanical and technological products earlier this month. this.

The measure prompted an immediate reaction from Beijing, which threatened to take equivalent measures. China also accused the United States of triggering "the biggest trade war in economic history".

A second installment of Chinese products, with annual imports of $ 16 billion, is being revised. ] In addition, last week, the US government announced that it was developing a list of Chinese products, whose imports total $ 200 billion a year, which will be the target of new tariffs. As a result, more than $ 250 billion worth of imported Chinese products are threatened by new trade barriers.

In an interview today, Trump reiterated his badessment that China is "taking advantage" of the United States in trade. "I do not want them to be scared, I want them to do well," he said. "I really like President Xi [Jinping] but it was very unfair."

Trade War

The confrontation with China is the most important of all the trade struggles that Trump has started. The situation has raised fears that the escalation of the conflict will harm the global economy by affecting companies' supply chains and forcing them to cripple their investments and make their final products more expensive.

In excerpts from the same interview, Trump criticized the Federal Reserve (Fed), the US central bank, for raising the basic interest rate seven times and considering at least two more increases this year. In charge of monetary policy, the Fed fears the escalation of inflation in the United States.

The domino effect of the US trade war is already beginning to be perceived by the world: yesterday, the European Union announced barriers to the entry of foreign industrial aluminum into the block. The measure may also affect Brazilian exporters. For the European bloc, the closure of the US market would lead to a "reproduction" of the surpluses of exporting countries in the world and, consequently, it would be necessary to impose barriers on European industry.

and AFP)

[ad_2]
Source link