"The Greatest Trade War in Economic History"

AFP: China has filed a new complaint to the US. WTO for US rights
said that a new WTO complaint has been filed in connection with US tariffs, AFP reports, quoting the official Chinese news agency Xinhua
The United States imposed an additional 25% duty on imports of Chinese machinery, electronics and high-tech equipment valued at approximately $ 34 billion, which led to the Beijing's answer. China has already defined what is happening as "the biggest trade war of economic history" between the two major world economies.
In response, "China has filed an additional complaint to the World Trade Organization … on tariffs officially applied by the United States," Xinhua quoted a Commerce Department statement as saying in 19659007. ]. US Trade Commissioner Donald Trump began a trade war with China, the country's largest trading partner, and reacted to Beijing with a blow of retaliation, the US newspaper USA Today.
The Chinese government announced on Friday that it would react "immediately" to the increase in US tariffs and said that the Beijing Foreign Ministry had introduced reciprocal measures that came into effect immediately and that D & B Other details were not revealed
Beijing has already suggested that China will take a "necessary counterattack" that will affect US imports of soybeans and cars into the United States. US rights are mainly focused on Chinese industrial products and some electronic components. Americans, such as TVs, printers and washing machines, was revised in June,
Trump is not satisfied with the large US trade deficit with China and insists that Beijing has used unfair tactics by demanding US companies that they transfer the technology in exchange from access to the Chinese market. Beijing firmly denies the accusations.
But many badysts and economists still believe that the new US tariffs are counterproductive and that they will mainly affect a particular segment of society: consumers.
"The decision to impose tariffs on Chinese products will hurt US consumers and businesses without paying attention to discriminatory and systematic Chinese trade practices and policies," said Josh Kalmer, executive vice president of the Council of information technologies.
"He is anxious that the Trump administration continues to badume that the imposition of tariffs will convince China to solve complex trade problems and that it will be irresponsible to minimize their influence on the workers. and US companies, "added the expert.
Maurten-Jan Baccup, strategist at Investment Partners, warned that "protectionist measures on the one hand could be out of control, leading to more reactivity on the part of more countries from the Chinese (emerging market) . "
In 2017, the United States has a record trade deficit of $ 375 billion with China, according to Bloomberg. Beijing is Washington's largest trading partner, followed by Canada and Mexico. The bloc of 28 members of the EU is the largest trading partner of the United States, accounting for more than $ 1.1 trillion. dollars in goods and services in 2016, according to the official data of the competent authorities concerned.
Trump has already complicated trade relations with the Allies by increasing import duties on steel, aluminum and cars from Europe, Canada, Mexico and Japan.
In the Chinese State Gazette, Trump 's administration was accused of acting in a "fool' s gang" and was warned that the White House was likely to harm the police. world economy if it did not rethink its actions. "There should be no doubt about Beijing's determination," the paper said.
The Chinese Ministry of Commerce alerts Trump to the "biggest commercial war of history".
The White House has not yet commented on China's measures, although William Zarith, president of the US Chamber of Commerce in China, called on both parties to agree on an agreement. TAS: Russia introduces additional duties on imports of certain US products
Russia has introduced additional duties of 25% to 40% on imports of certain US products into the United States. Response to US taxes on aluminum and steel, reports TACC
Customs duties will be imposed on Russian road machinery, imports of oil and fiber optics. The relevant decree was signed by the Prime Minister of the Russian Federation, Dmitry Medvedev, said in a statement from the Ministry of Economic Development.
It appears from the paper that after three years Moscow may introduce import duties in the United States, as the current countermeasures do not fully cover the damage suffered by Russian exporters as a result of the actions of the authorities.

China Li Kutsayan: We do not want to enter into a trade war with any country, but we are always ready to take steps to protect our interests
We do not want to enter into a trade war with any state, but we are always ready to act to protect his heresy. That's what President of the Chinese State Council Li Kuzian said after meeting with Prime Minister Boyko Borisov, a FOCUS news agency reported.
"With Prime Minister Boyko Borisov, we have seen new ways of cooperating to deepen our bilateral cooperation.There is a complementarity between us – Bulgaria is the land of roses, we are also working for a competitive economic production. I think there are many opportunities for the development of our bilateral trade, and we will also promote European integration, "Kutsian said.
The Chinese premier explained that it is perfectly natural that the business process has friction. "But we think the trade war will never be a solution." China would never start a trade war with another country, but if a country wants to raise tariffs, China will take steps to protect its interests, but no one will win. a trade war, no one benefits.This hinders the multilateral trade process.China will commit to open its markets to make foreign companies more market friendly.We will protect the legitimate interests of enterprises in China. regardless of their ownership, China will ensure stable and stable economic growth, "he said, pointing out that there are great opportunities in this regard for Bulgaria

AFP: China's response in the United States is already in effect
China has announced that it has already imposed retaliatory measures on US products as soon as Washington has im posed higher duties on Chinese products, reports AFP.
"After the United States activated customs measures against China, China's measures against the United States came into effect immediately," said Foreign Office spokesman Liu Kang (19459009).
Liu did not want to get into the concrete, but the Commerce Department had already released a list of goods worth $ 34 billion.
"We have never wanted commercial frictions to turn into a large-scale trade war.Commercial war is the last thing we wanted because, as we have said many times, no one will win, "said the diplomat.
"The pressure and the threats will lead nowhere, our position remains unchanged and is very clear," Liu concluded.
Earlier Friday, the Chinese Commerce Department accused the United States of having triggered "the biggest trade war in economic history" and warned that this could cause "a collapse of the global market".

China:
China has accused the United States of having triggered the "biggest trade war in economic history" after Washington imposed duties on $ 34 billion worth of goods Chinese Friday, reports AFP.
"The United States has violated the rules of the World Trade Organization and started the biggest trade war in economic history so far," said China's Commerce Department. in a press release
"This type of duty is typical of commercial abuse and is seriously endangering the security of the global industrial chain and the price chain, impeding the pace of global economic recovery and causing turbulence in global markets." Donald Trump officially imposed new import duties on Chinese goods, China responds with refund
US import duties on Chinese imports came into effect at 12:01 (North American Eastern Time) to 6 Start a trade war President Donald Trump with China, reports AFP.
At the same time, Beijing announced that they were "forced to take inevitable countermeasures" after the imposition of US duties. China should impose reciprocal duties on imports of US products
Donald Trump's dues are set at 25% on Chinese machines, electronics and high-tech equipment, including cars, computer hard drives and "LED" lights. Potential losses for the Chinese economy are estimated at $ 34 billion

Anadolu Agency: Donald Trump will start paying his dues on China
The administration of President Donald Trump should start paying the fees customs duties Friday, Anadolu Agency
$ 34 billion worth of Chinese goods will come into effect at 12:01 pm (Eastern Time) on July 6th.
In response, Beijing should impose reciprocal tariffs almost immediately after those of the United States, which could degenerate into a trade war between the world's two largest economies

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