[ad_1]
On Friday, July 6, new tariffs imposed by the United States on imports from China came into effect. In general, the new rates apply to property for a total amount of $ 34 billion. Beijing has already announced that it will respond with identical countermeasures. China also announced that the United States had embarked on a major trade war in history, but some experts have pointed out that it was too early to talk about it.
Tensions between the United States and China began in mid-February, when they demanded new tariffs on imports of aluminum and steel from China, seeking to influence the former. global metals producer often accused of artificially lowering prices. Speaking of the need to introduce new tariffs, US President Donald Tramps has repeatedly stressed the need to stop the proliferation of unjust US technology and intellectual property in China and the need to protect American jobs. , which will introduce a 25% tax on Chinese products worth $ 34 billion. Fees will apply to industrial equipment, medical devices and auto parts
. New rates of $ 16 billion could be introduced over the next two weeks. If China does not change its behavior, the 10% tax will reach more than $ 200 billion and, as announced by Tramps on Thursday, July 5, it could reach $ 300 billion more.
More than 550 Chinese products could be affected Billion Dollar
In response to US stocks, China reacted with identical countermeasures to 545 US products, including cars, meat and fruit Sea. The statement of the Chinese Ministry of Foreign Affairs indicates that the United States has embarked on a major trade war in economic history, characterizing the US President-led policy of typical trade agreement.
However, some experts feel that it is too early to talk about a real war. $ 34 billion is a relatively small amount. If the threat of introducing fees already reaches 500 billion, then the problems and the trade war will really begin. However, given the fact that China exports to the United States just over $ 500 billion. Therefore, in order to implement the same countermeasures, it will be necessary to judge whether to impose tolls on additional services
Meanwhile, Timothy Stratford, former US Trade Representative for China, represents the law firm Covington & Burling.
"In my opinion, both parties have entered the dark tunnel: the United States and China will try to prove that they are capable of influencing the other economy. [19659005] However, we will find in this tunnel for a while.Think of what could be air at the end of the tunnel, what solutions could come from allowing completely different economies to stay side by side and to cooperate.In addition, these are not just problems between the United States and China.All of them agree, but opinion "Stratford said.
CNN also says that the world's two largest economies are ready to test how much the pain of the other party is about to survive. At the same time, it is emphasized that this trade dispute will likely extend to other economies, endanger the confidence of businessmen and dissuade investors from investing.
Most experts also believe that discussions on a possible settlement of the conflict will be long and long. China is unlikely to be ready to abandon its current policy by investing considerable resources in the various industrial spheres in which it wants to remain a world leader.
[ad_2]
Source link
