Trump threatens to tax all Chinese products imported to the United States

US President Donald Trump does not appear determined to reduce pressure on China commercial plan. On the contrary. He said he was ready, Friday, July 20, to introduce punitive taxes on all Chinese products imported by the United States if necessary.

"I'm ready to go to 500" said M Trump on the CNBC television channel, an allusion to the $ 505.5 billion worth of Chinese products imported by the United States in 2017.

"I do not do it for political purposes, I do it to do that which is good for our country. "It's been a long time since China scammed" he added.

In addition to a huge trade deficit, Washington blames Beijing "theft" of intellectual property, non-tariff barriers and technology transfers imposed when joint ventures with Chinese are established.

Washington has already imposed import taxes on a number of Chinese products (washing machines, solar, steel and aluminum …). In total, $ 250 billion worth of products imported into the United States could be affected at this stage.

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For their part, the Chinese authorities accused Washington of having triggered "the greatest commercial war in economic history" . They announced on July 6 retaliation also involving $ 34 billion in US imports, including pork and soybeans.

Beijing also reported the filing "immediate" of an additional complaint against the United States to the World Trade Organization (WTO)

Warnings in the United States

China is the only target of the taxes put in place by Mr. Trump . The European Union is also concerned

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In the United States the policy led by Mr. Trump has given rise to warnings from certain economic players.

The Federal Reserve (Fed) published on July 5, the report of its last meeting, in June, in which it underlines "the uncertainties and the risks badociated with the commercial policy " which "intensified ", underlining that they "May possibly have negative effects on business sentiment and investment spending "

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                According to the IMF, the United States would be the most affected in the event of a trade war
    

A week earlier, auto giant General Motors (GM) was even more alarmist in a note sent to the Commerce Department. "Increasing tariffs could reduce GM's size, reduce the domestic and international presence of this iconic American company, and risk reducing jobs rather than increasing them"

On May 31, Tom Donohue, the head of the United States Chamber of Commerce, an institution traditionally badociated with the Republican Party's probusiness wing and a lawyer for free trade, said in a note that the Protectionist policy of the administration would weigh on the strong economic growth of the United States and could threaten up to 2.6 million jobs.

He recidivated on July 2 in a report denouncing a " wrong approach ", published on the website of the Chamber of Commerce. It includes an interactive map that measures state-by-state the possible impact of these trade tensions.