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In the midst of a commercial standoff, the US president plans, according to the "Washington Post", to impose a 25% tax on 200 billion Chinese products upon their arrival in the United States.
US President Donald Trump is now considering a tax of 25% on 200 billion dollars (about 170 billion euros) of Chinese goods imported, against 10% mentioned so far, in the middle of the commercial battle with Beijing that he accuses for months of practices "disloyal", reports Tuesday the Washington Post .
Soon a tax of 25%? After imposing taxes on the import on the machines to wash, solar panels, steel and aluminum and already 34 billion dollars (29 billion euros) of Chinese products, Washington announced on July 10 a new list of products covered, covering 200 billion dollars Chinese goods. He then threatened 10% taxes but now plans to raise this figure to 25%, writes Washington Post citing an anonymous source.
The end of the negotiations? The markets were nevertheless rebadured Tuesday, supported by the hope of a resumption of trade negotiations between the United States and China. They had reacted positively to Bloomberg reports that representatives of US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He were in talks to look for ways to resume negotiations.
Reducing the trade deficit. In 2017, the United States has a trade deficit of 376 billion dollars (321 billion euros) with China, which they are determined to reduce. In addition to this trade deficit, Washington blames Beijing for the transfer of US technology imposed when US companies form joint ventures with the Chinese to do business in the Chinese market. The Republican president has recently threatened to impose punitive taxes on all Chinese imports, which accounted for more than $ 500 billion in 2017.
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