The trade war of China and the United States officially began

The United States and China yesterday imposed a second tariff of $ 34 billion on imports, accusing Washington of causing "the biggest trade war" because of the escalation of conflicts between the two largest global economies. US President Donald Tramp has warned that the US could eventually introduce more than $ 500 billion worth of Chinese goods, which roughly matches the total amount of US imports from China last year.

in a statement shortly after the expiration of the US deadline in the morning yesterday morning, said that he was forced to retaliate, which means that the US imported goods, including cars, the Soybeans and lobsters also face tariffs of 25%. They criticized Tramp's actions.

"Rates not only affect our farmers, ranchers and automakers, the ego is causing damage to all US consumers.We should work with our allies to isolate China, but we will not not escalate a trade war, "said Sen. Jerry Morgan, representative of the state of Kansas

" We can probably say that a trade war has officially begun, "said Chen Feisiang," Si it remains at $ 34 billion, it will have a marginal effect on both economies, but if it goes up to $ 500 billion as Tramp says, it will have big consequences for both countries. "

US relations with other major trading partners have also been strained since the Tramp administration 's decision earlier this year to impose tariffs on steel imports. and aluminum, including the European Union

The long awaited tariff strike yesterday raised fears that the protracted battles only affect global trade, investment and growth, while harming US farmers who will lose revenue and eventually increase food prices in China. "

" Our basic predictions are just a moderate escalation of the trade war this summer, "said Meril Lynch yesterday. The banks of America." However, we can not rule out a total "trade war" that could trigger a recession, "he added.

China filed a lawsuit with the World Trade Organization against the United States .Tramp's trade policy, and compared its administration to the" gangs of Bitangi "yesterday, did not attract much attention on the Chinese social networks, which are under control."

The Chinese Ministry of Commerce has described the US actions as "a violation of the rules of world trade "They triggered the biggest trade war in economic history."

Tramp criticized Beijing for intellectual property theft, barriers to the entry of US companies and the trade deficit am US $ 375 billion with China

never a solution

Chinese Premier Li Keqiang said in the United States yesterday that "the war market is never a solution. "

" China would never have engaged in a trade war, but if a country seeks to increase tariffs, China will take steps to protect its interests. The trade war is not beneficial for anyone because it undermines free trade and the multilateral process, "said Li, who is attending the Seventh Summit of Heads of Government of China and 16 countries of Central and Eastern Europe. Oriental in Sofia

He added that China had many markets for its growth. [19659002] Li thanked the European Union for supporting multilateralism in Sofia

"China supports European integration and EU unity, as a global force to maintain the peace. The EU supports mutilateralism. Without Europe (…) there would be no overall development, "said Li.

According to him, the 16 + 1 summit in Sofia is not intended to divide Europe.

"Some might say that cooperation in the" 16 + 1 "divide Europe, but it's not a political platform," Li said. [19659002] Bulgarian Prime Minister Boyko Borisov also stated that "the 16 + 1 format was not directed against the other EU countries".

The idea of ​​l & # 3939; 16 + 1 initiative as cooperation platform between China and the countries of Central and Eastern Europe was born after their first economic and commercial forum 2011 in Budapest.

Initiative "16 + 1" in which participate Albania, Bosnia and Herzegovina, Bulgaria, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Macedonia, Montenegro, Poland, Romania, Slovakia, Slovenia e and Serbia.

Russia introduces additional tariffs Russia announced yesterday that it was imposing additional taxes on a series of US products in response to US tariff barriers to customs. steel and aluminum in the context of a world trade war

. "Compensatory measures are taken into account," said Russian Minister of the Economy Maksim Oreshkin,

.New measures should bring $ 87.6 million to Russian companies, which would only partially compensate the damage suffered by 537, comments are posted on the portal in real time and "News Online" can not be considered responsible for writing.

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