Trump may impose 25% and not 10% tariff on Chinese products for $ 200 million :: Investor.bg



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  The US administration Donald Trump plans to impose a new 25 percent duty on Chinese products

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worth $ 200 billion, modifying the initial tariff plan by 10% in order to exert pressure on Beijing to obtain trade concessions, reported the agency's Reuters reports on July 10. on a new list of thousands of Chinese imported products, including food products, steel and aluminum, as well as products such as dog food, furniture, carpets, car tires, bicycles, baseball gloves and cosmetics

Although the planned 10% fee is not yet after the end of the public debate at the end of August), bringing them to 25% would still hurt trade relations between the two most powerful economies in the world.

It is possible on Wednesday that the Trump administration announces the imposition of tougher duties on Chinese imports. The expected increase in potential tasks was first announced by Bloomberg News, citing sources close to the case.

There is still no response from the Chinese government. In July, he accused the United States of harbadment and warned that he was going to fight back.

Investors fear that the escalation of the trade war between Washington and Beijing will hurt global economic growth, while prominent US business groups criticize

early July, the US government imposed a 25% duty on Chinese imported goods for $ 34 billion. Beijing responded by reciprocal rights on US goods

The US administration is preparing to impose over the next few weeks tariffs on new Chinese products of a total value of $ 16 billion . Trump warned that eventually one could charge duties on all Chinese imports to the United States – the equivalent of half a trillion dollars for the past year

The 200 billion list Chinese dollars will have a lot to do The biggest impact on consumers than the previous set of products on which duties were levied

Erin Ennis, Senior Vice President of the US-China Business Council, believes that 10% of Chinese tariffs would have a negative effect. up to 25% would be made the situation is much more unpleasant

Given the range of products involved, about half of Chinese imports will be affected by tariffs, including consumer goods ", a added Ennis, adding that "the price increase will have a negative impact on the pockets of US consumers. "

Donald Trump said that he would impose rights on new Chinese products as a punishment against Beijing, which opposed the original duties

The US President threatened to continue and new rights which will cover all imports of Chinese goods to the United States, estimated at half a trillion dollars last year.

The US Bureau of Representatives originally set August 30 as the deadline for 39, public hearing on Chinese imports, the public hearing being held between August 20 and 23.

Stock markets announced growth on Tuesday after the announcement of the resumption of talks between the states United States and China

Representatives of US Treasury Secretary Stephen Manuchin and Chinese Vice Premier Liu Xe spoke (f, b, e, v, n, t, s) {si (f. fbq) returns, n = f.fbq = function () {nc allMethod?
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