China threatens with the biggest trade war in the history of the world / Article / LSM.LV

A trade dispute between the United States and China is increasing. The United States introduced a tariff of 25% for Chinese products and China responded with the same US products. US President Donald Tramps has further threatened tariffs, and China has warned – if this continues, the biggest trade war in world history will begin.

The administration of US President Donald Tramp acted as a gang hooligan for tariffs imposed on China. This is a quote from a daily newspaper based in China on Friday, July 6th. China claims that it has no choice but to respond to the United States with the same tariffs. The World Trade Organization (WTO) refuses to call a trade war, but warns of the negative effects of such a measure. "The consequences of these measures are already felt." Companies are reluctant to invest: Prices are rising, the effects of escalation are constantly affecting jobs. ", Warns the WTO spokesman in Pruzin

tariffs are most affected by the US agricultural and energy industry, while China is a sector of the industry and the

Tariffs are part of Tramp Jobs American efforts and punishing China for the theft of intellectual property. But experts point out that this fight will hit the pockets most directly to the ordinary citizen. Because of the rates, consumers will simply have to pay more for certain goods. In addition, US companies may decide to produce products elsewhere, which will result in job losses. As a result, American farmers are very worried.

"We are seeing a drop in sales of 10 to 20%, which can cost us the most." We hope this trade dispute will be temporary. "It all started with the fact that the United States imposed 25% tariffs and electronics on China, with which China reacted with the same tariffs – 25% for different United States. Introduced tariffs are part of US President Tramp's campaign to protect American jobs and fight unfair trade The White House promises not to back down and is about to introduce new tariffs [19659005] On Friday, July 6, the first US tariff package will be introduced, which will introduce a 25% tax on Chinese goods worth $ 34 billion.The costs will apply to industrial equipment , in the United States, new tariffs could be introduced and, in general, Chinese products could be affected by more than $ 550 billion.