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Donald Trump gradually increased his tariffs on goods from China and also threatened further, hoping that the country will further open its market for foreign companies. But instead of giving up, China has threatened to repay its own duties on imports of US products.
Friday at midnight the United States charge 34 billion dollars of Chinese imports. Now, China has decided to meet with its own fees on US products at the same value, reports the Reuters news agency.
– Our actions are equivalent, and the equivalent means that if the US starts on July 6, we leave on July 6, says a transparency person at the news agency.
According to the Reuters source, Chinese customs would also begin at midnight on July 6, twelve hours ahead of the United States due to jet lag. But on Wednesday morning, the Chinese finance minister launched a new message. In a statement, he said that they had no intention of launching a counterpart before seeing that US customs had actually been introduced.
As long as this conflict should not have a major impact on us in Sweden. According to Johan Davidson, chief economist at Svensk Handel, $ 34 billion is a relatively small amount in this context.
– It is clear that there is a lot of money, but in the world economy there is no astronomical sum, he says.
But Trump threatened to escalate the conflict with Chinese Chinese products worth $ 400 billion if China met its homework, as they did.
– This will definitely be another picture and you will be able to find a number of effects on the Swedish page. But to say exactly what you need to see the list of products that are intimidated first, says Johan Davidson.
All that, on the other hand, would have a direct impact on the Swedish economy, taxes on cars against the EU as Trump implied earlier. Expenses are speculated could be as high as 25 percent.
– That would be problematic. There are many imports to the United States where production takes place in the EU, including Sweden. There, we could see a direct effect just, clearly, says Johan Davidson.
On Sunday, the EU responded to Trump's threat by announcing that US car import projects worth 2.7 billion Swedish kroner were planned.
Wednesday morning Angela Merkel also came out and warned Trump for launching a large-scale trade war.
She concluded that both parties were already stuck in a trade dispute after Trump 's decision on steel and aluminum tariffs, stating that "it is crucial to Prevent conflict from turning into real war ".
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