America and China Enter The Greatest Commercial War Of History

US tariffs are worth $ 34 billion on Chinese imports. Beijing similarly reprimands "commercial harbadment"
Chinese efforts to coordinate with Europeans against Washington at the WTO to protect free trade

The United States and China are engaged in a trade war with rights US customs on tens of billions of dollars of Chinese products, prompting Beijing to launch the biggest trade war of economic history.
US tariffs began to apply Dah to 4 GMT as US President Donald Trump announced earlier. These tariffs account for 25% of the $ 348 billion of 818 Chinese products, including automobiles and parts for the manufacture of aircraft or computer hard drives, but exclude mobile phones and televisions, according to l & # 39; AFP.
The Chinese Ministry of Foreign Affairs announced the imposition of tariffs on US products. "After the United States applied its customs procedures to China, the Chinese measures against the United States came into effect immediately," Foreign Ministry spokesman Lu Kang said.
Kang refused to report the value of US goods to pay, but the Chinese Ministry of Commerce had previously released a parallel list to Washington's list, which includes goods worth $ 34 million.
"The United States has violated the rules of the World Trade Organization and launched the largest trade war in economic history to date," baderting that it "s likely to be in the US. was acting "from a model of commercial intimidation" which, according to the Ministry of Commerce, may lead to "confusion in the worst
The Ministry said that it would bring the problem before the # 39 World Trade Organization and would work with other countries to "protect free trade" while Trump is in commercial conflict with several historic allies in his country, such as Canada and France. "
US fees will include a total of 50 billion dollars of Chinese imports to offset what the Trump administration said to be the "theft" of US intellectual property and technology.
Trump was referring to a second tax package on what I valued US Trade Representative Robert Laitheiser is still studying $ 16 billion in Chinese imports and is expected to come into effect "in two weeks".
Trump also expressed willingness to tax $ 200 billion of additional products "if Thus, these measures will bring to $ 450 billion the value of Chinese products that will be subject to tax, the vast majority of imports from the Asian giant ($ 505.6 billion in 2017).
In a related context, European officials said that China was urging the EU to "A joint statement was issued at the beginning of the year." a summit this month to denounce Trump's trade policy, but met with resistance
Meeting in Brussels, Berlin and Beijing, top Chinese officials, including Deputy Prime Minister Liu Hei and Wang Yi
] A suggestion is that China and the EU launch a joint action against the United States within the framework of the World Trade Organization.
Experts have warned for months of potential damage Similar trade confrontation. Only in the economy
US institutions informed the Federal Reserve that they had begun to feel the burden of fees by raising prices and "reducing or deferring investment projects because concerns about trade policy, "said the US Central Bank yesterday. In an badysis titled "The Bad Approach," the US Chamber of Commerce estimated "about $ 75 billion" worth of exports that would be affected up to here by the trading partners' trading procedures US.
The states are Alabama, Michigan, and Benin Lafayana, North Carolina, Texas, and Wisconsin, all of whom voted for Trump in the 2016 presidential election.
US President ignored these warnings in a comment on Twitter on Tuesday that "the economy is probably at its best" Under the slogan "America First", Trump was also targeting other traditional US trading partners , such as the European Union, Japan, Mexico and even Canada.
US Secretary of Commerce Welb Yesterday, expectations of a slowdown in US growth are "early and probably inaccurate".