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At midnight Washington (7 am Lithuanian time) in the United States, 25% came into effect. a tariff of about 34 billion Dollars (29 billion euros) of imported Chinese goods – machinery, electronic equipment, high technology equipment.
Beijing stated that its response is "entered into force at the same time".
China has not yet provided details on response rates, but has previously said that, that they will abide by the US dollar measures
Friday's tariffs can only be preparatory clashes to the trade war, while US President Donald Trump promised to erase about 450 billion dollars. Economists warn that US measures and the response to them may dampen global economic growth and strike at the heart of the world's most damaging but hurtful trade. The consequences would affect the entire planet.
The months of dialogue between the superconducting economies seem to have collapsed. A few hours before the tariff came into effect, Trumphas had warned that Washington was ready to import hundreds of billions of goods from China.
D. Trumpa has been angry for several years for the economic shenanigans of Beijing against the United States. Last year, the United States and China recorded a record trade deficit of $ 375.2 billion. US officials blamed China for attempting to become a dominant industrial player by stealing US technological jewels with cyber-hacking, mandatory intellectual property transfer systems and takeovers sponsored by the United States. ;State.
Trumpe remains convinced that good US economic performance will allow America to beat rivals in the current battle
Made in China
However, China is also convinced that its economy is over [19659010] China has not yet provided details on response rates, but has already stated that it will respect US measures.
China's central bank focused on efforts to increase domestic consumption and reduce export dependence, monetary policy committee member Ma Jun said on Friday that the impact of these early strokes on the country's economy would be "limited".
"50 billion." The dollar-supported trade war will slow the growth of Chinese gross domestic product by 0.2 percentage point, "Ma Yun told Xinhua News Agency
China may apply reciprocal tariffs for up to 130 billion USD. (111 billion euros) for imports from the United States, and so Beijing promises to take "quantitative" and "qualitative" measures against America. It is a source of concern that these actions could severely restrict the activities of US multinationals in China.
Following this statement, Chinese stock prices have actually gained momentum. The Shanghai stock index rose nearly one percent and the Shenzhen general index rose more than one percent
Share prices fell slightly, with a Shanghai index higher by more than half a point at the end of the transactions
Daxiao said the markets had previously valued the rates, "so that investors are no longer as scared as". before".
Chinese and American flags
The streets of Beijing worry about possible price increase through the introduction of customs duties, but also strongly supported the actions of Beijing in the field of trade .
"I will strive to support local production.I think the products made in China are the best," said Yang, spokesman for a Beijing food store [19659002] Beijing accuses the United States of "firing around the world" and points out that the majority of Chinese exports are manufactured by companies.
Troubled Projections
D. Trump, who published the nationalist slogan "First and foremost, America," also targeted other traditional trading partners of the United States such as the European Union, Japan, Mexico and even Canada
More and more signs that an emerging dispute over international trade is already beginning to affect the world's most powerful economy.
When the tariff came into effect, the Central Bank of the United States warned that the impending trade wars began to darken all other promising forecasts for the US economy, already a decade of recovery.
US companies told the central bank that their spending plans were cut or delayed. According to a survey conducted by the Federal Reserve System, companies are preparing for new negative consequences of trade disputes.
The survey of industrial enterprises confirms that companies are increasingly concerned about the intensification and expansion of D.Trumpo
The beginning should confirm the gap Growing up between D. Trump and his own Republican party traditionally for free trade and support of big business.
An influential American Chamber of Commerce, a major lobbying organization, said this week that the rates introduced by D. Trumpe determined or likely to result in retaliation in China, Canada, Mexico, in the US 39 European Union and elsewhere. These measures have already affected 75 billion. It is ironic that the most affected were the states with little triumph of D. Trumpa in the presidential election of 2016.
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