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The United States of America (United States) and China have pulled a new momentum in a trade war between the two largest economies in the world. Washington threatens Beijing to introduce additional import duties for a new Chinese product group of $ 200 billion. Beijing, in turn, said that he was "shocked" by Washington's actions and promised to respond with retaliatory measures.
- The United States has already introduced a tariff of 25% for Chinese products worth $ 34 billion,
- China introduced response tariffs equivalent to US products,
- Beijing promises to protect its interests and retaliate by retaliation
- Asian financial markets experience a slowdown in the crackdown on a trade war
The US announcement of new tariff plans and the Chinese threat follow a few days later, when the two countries have already introduced new import duties for goods from $ 34 billion last week to each other.
Washington announced Tuesday that it has begun a process of setting the tariff for Chinese products at $ 200 billion. The new rates could come into effect in September. The list contains over 6,000 items, including food and minerals, and merchandise such as handbags.
Beijing is not excited about Washington's stepping stones. The Chinese Ministry of Commerce said it was "shocked" and called the US plans "totally unacceptable".
The United States, through its actions, "is detrimental to China, harming the world and harming its people," said Beijing, adding that it would defend its interests and take the necessary precursors
US President Donald Tramp White House the response to Beijing's abusive business practices and infringement of intellectual property rights. Therefore, in the view of the United States, China's response to the measures is not justified.
Last week, the United States introduced a 25% tariff for Chinese engineering, electronics and high-tech products worth $ 34 billion. the United States said last week. Rates came into effect on Friday.
In response to the threat of an even wider commodity war, Asian financial markets experienced a decline on Wednesday.
The United States has also engaged in trade disputes with its allies, the European Union and Canada. (function (d, s, id) {
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