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After the United States began charging $ 34 billion for Chinese technology products from the first hour last Friday, the Ministry of Commerce of the People's Republic of China has accused the United States of of ] triggers the "greatest commercial war of economic history" and reacts by taxing products such as soya and sorghum, fish, cars and whiskey ] of the country led by Donald Trump. ] These tariffs violate (WTO) rules and represent a typical "commercial harbadment" posing a serious threat to the security of industries and global value chains ", he declares. MOFCOM by means of a communiqué
Some US businessmen have badured that tariffs do not solve the problems that the North American country has with China and urged the US government to negotiate news Amente con Beijing
"Manufacturers want to see the administration return to China at the negotiating tables as soon as possible, in search of a trade agreement that redefines EU-China economic relations positively ] Tariffs do not solve or solve existing problems with China, "said Jay Timmons, president and CEO of the US National Manufacturing Association, in a statement released on July 6. WTO demand for tariff measures taken by the United States
The Shanghai Composite Index is on its longest run of losses in six years and the yuan has recorded its worst quarter since 1994
See Impact on EU
According to Peter Robinson, President and CEO of the American Council of International Business, members of the organization he represents have already begun to perceive the impact of tariffs .
"] Our members are already offended by the early impact of tariffs which has resulted in increased costs and operational disruptions, and the latest moves will only Worse things, we can expect more damage to the US economy, its workers, businesses and consumers, "Robinson said in a statement.
The government of the Asian country announced its economic support to the companies of his country. affect.
