New US tariffs are expected for Chinese products



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The new US customs duties on Chinese products will come into effect at midnight on Thursday, and it will be the first in the commercial battle between the two largest exporters in the world. Since July 6 The US government will impose 25% import duties on 818 different Chinese products. The import value of these goods is about 29 billion. Eur per year

The US Customs list includes everything: pbadenger cars, airplanes, computer hard drives, sewing needles. They target "significant Chinese industrial technologies", many of which relate to China's "made in China in 2025" industrial strategy

As soon as the United States officially introduces new duties, it is believed that the Chinese will respond immediately, and the Chinese government will target "The United States caused this trade war, we do not want to fight it, but to protect our interests, the country and the people, we have no choice but to respond ", said Gao Feng Thursday. Gao said the new taxes are not so damaging for China, but rather for the entire international supply chain, as most of the goods on the US government's list are manufactured in the United States and in other Chinese multinationals.

"The United States Announces $ 34 Billion Approximately $ 20 Billion in the Taxable Goods List, or 59% of the list of products is made by foreign-invested companies, while US firms account for a significant proportion US measures are aimed primarily at the international supply chain, which means that the United States will open fire to the world and especially to itself, "Gao added.

China has vowed to respond immediately to the same duties, but will focus on agricultural production and not on industrial production

"China will certainly not resist threats and blackmail," said Gao Gao. 19659007] China, however, has denied rumors that it will introduce new tariffs even before Washington announces its entry into force. a declaration stating that & # 39; they will not be the first to sow the first trade war memorial.

"The position of the Chinese government has been presented more than once, according to a report by the Chinese Ministry of Finance

some experts believe that the United States and China could withdraw and not impose tariffs, but this seems less realistic.The economists have warned that new taxes would undermine global growth and cost jobs and threaten that such measures are not the latest and that the United States would launch an open trade war with the United States. China

Donald Trump, US President The US leader has already said that if China responds to the introduction of new US bonds on Friday, the case has threatened to impose even more on Chinese imports .


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