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Washington, DüsseldorfUS President Donald Trump has threatened China with new punitive tariffs. He hopes to have a "good deal" at his next meeting with Chinese President Xi Jinping, Trump told Fox broadcaster on Monday. It was also necessary, because China had chased his country, criticized Trump. "And I have $ 267 billion to wait if we can not reach an agreement," Trump added. The United States has already imposed tariffs of $ 250 billion on China.
The Bloomberg news agency had, citing unidentified insiders, reported that the measures could be adopted early December. A final decision has not yet been made, but US authorities are preparing for this scenario. A person familiar with the US government's deliberations told the Reuters news agency that there may soon be a move toward new rates.
The news also touched Wall Street on Monday. The Dow Jones Index of Standards closed down 1% to 24,442 points. The S & P 500 fell 0.7% to 2641 points. The Nasdaq technology exchange index fell 1.6% to 7050 points.
US presidential spokeswoman Sarah Sanders said the report said she did not want to prejudge the meeting between the two men. "I hope it's okay," said another government spokesman. "Nothing new at the moment" in China's stock. Trump and Xi are scheduled to meet on the sidelines of the G20 summit in Buenos Aires from November 30 to December 1.
Mining giant BHP Billiton believes the trade dispute will slow economic growth in both countries. They should now each have GDP growth that is 0.5 to 0.75 percentage points lower than in the past, said BHP Director Arnoud Balhuizen at the IMARC Mining Conference on Tuesday, according to the text. of the speech.
This will also have a moderating effect on global growth in 2019 and 2020. "This confirms that trade defense measures will create a" loser, loser "situation." Until now, BHP has not recorded any impact of the dispute on its own affairs.
For months, the United States and China have been involved in a trade dispute involving tariffs and countervailing duties. More recently, in September, the next drastic tightening came into effect, according to which the United States received a total of half of all imports of goods from China receiving special tariffs. This represents $ 200 billion of Chinese products, plus $ 50 billion in taxes on Chinese products.
Beijing immediately imposed its own additional tariff on imports from the United States, valued at 60 billion US dollars. Rates vary between five and ten percent.
The United States accuses China, among other things, of foreclosure, unfair state aid and technology theft. China rejects that. Basically, China's ability to beat its own punitive tariffs on imports from the United States is limited: the United States exports only $ 130 billion worth of goods to China, which is why the counter -Measures of China are less important.
With agency equipment.
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