[ad_1]
The Government of the United States imposed at midnight on Friday an increase in tariffs on the importation of Chinese products worth $ 34 billion to which China responded by announcing that it would undertake "the necessary counter-attacks".
The coming into force of these taxes marked the beginning of the dreaded trade war between the two economic powers whose business relations have tightened since the arrival from Trump to the White House
The first wave of tariffs to 818 categories of goods imported from China mainly includes components of the supply chain of the industrial and technological sector but peak also to various consumer goods, such as LED bulbs and electronic cigarettes.
The entry into force of these 25% of sanctions on imports Chinese workers worth $ 34 billion this Friday is part of the first phase of a total punishment of 50,000 millions, as announced by the White House in mid-June.
The other 16,000 million will come into effect in the next two weeks as announced Thursday by Trump himself, who also warned that the United States If China decided to counterattack and 300,000 others, she would answer with 200,000 others.
Bloomberg badysts have calculated that with these measures, China's gross domestic product for 2019 is expected to increase by 6.5%. year, could decelerate by 2 tenths.
Beijing, for its part, repeatedly reiterated that he was not in favor of a trade war against the United States, but before the measure of the United States. Trump administration, he immediately announced that " defend the interests of the country According to a statement from the spokesman of the Ministry of Commerce, the spokesman of the Chinese Ministry of Commerce, Gao Feng, said Thursday that the population had been forced to carry out the necessary counterattacks – a press conference that his country "was not going to fire the first shot" and that it would not apply tariff measures until the states United States does it
"US measures are essentially attacking global supply and value chains, they are firing on everyone, including against themselves. "
China's Announced Response to US Punishment Includes Sanctions on 545 US Products Including Pork, Wheat, Dairy, Rice and Soy, Two Key Foods
Specifically, China's tariff measures on products Americans will result in job losses slowing investment and rising American prices, among others.
[ad_2]
Source link
