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Commercial War
No details were provided on the nature or amount of the measures, but previously, Beijing had warned that it would impose duties equivalent to those that hit Chinese goods. Shanghai closes on the rise
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China has started to impose retaliatory tariffs on US badets after the US $ 34 billion tariffs come into effect Chinese imports. This was announced by the Beijing Foreign Ministry
"After the United States imposed tariffs against China, the Chinese measures came into effect immediately," said Lu Kang, spokesman for the ministry. in a statement. press conference No details were provided on the nature or amount of the measures, but Beijing had previously warned that it would impose duties equivalent to those that hit Chinese goods.
Shanghai Closes
Closing the Shan Stock Exchange Ghai. The main index gets + 2.49% to 2,747.23 points as a result of the Chinese counter-revolution that began imposing tariffs on US retaliation after the entry into force of rights US $ 34 billion on Chinese imports.
Also struck the "Parmesan"
Among the first victims of the commercial war between the United States and China are the false Italian cheeses produced in the United States, from parmesan to provolone in going through the reprisals of Beijing. to Trump's protectionist measures as soon as they come into force. That's what Coldiretti says by pointing out that Italy could take advantage of the situation after Made in Italy cheese exports to the Asian country grew by 27% in quantity in 2017 to reach the highest historical . According to the Wall Street Journal – reports Coldiretti – the storage warehouses of the main American producers of Italian cheese swell with unsold stocks due to the collapse of shipments to China following the new tariffs decided from July 6 . A situation aggravated by the fact that – says Coldiretti – even Mexico has applied additional duties for US imports for the same cheese in response to US duties. The United States – recalls Coldiretti – are the leading producers of Italian cheese imitations in the world for a total of 2.4 billion pounds in 2017 between mozzarella, parmesan, provolone, ricotta and romano . Therefore – explains Coldiretti – interesting opportunities for Made in Italy food exports to the Asian country, from dairy products which in 2017 reached the record sales in the world, reaching the record amount of 412 million kilos and with double-digit growth in the same Asian tiger. The Chinese functions – explains Coldiretti – will have the effect of reopening the Italian specialty spaces on the shelves until today unjustly usurped by American imitations.
American rights on Made in China
Last April the US administration had published a list of 1,300 Chinese products on which to apply trade obligations: now the decision of US President Donald Trump seals this promise, despite the drop in products. 800 will be those to whom rights will be applied for 50 billion dollars. The Trump administration has announced a 25% tariff on billions of technology badets from China and, in particular, accused Beijing of stealing intellectual property in the United States.
Trump: measures against China to protect our secrets
The new 25% duty imposed on some Chinese products will help protect the "secrets" of the United States, said US President Donald Trump. The strength of the brain in Silicon Valley and China, as well as others, steal these secrets. We will now protect these secrets, which are the crown jewels of our country. "Trump did not specify whether or not there is" a trade war "with Beijing." The trade war was triggered by them and the US has lost, "he said, adding later:" There is no trade war. "
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