[ad_1]
China and Russia introduced additional taxes on some US products after US President Donald Trump introduced an additional customs tax on products imported from China.
China has announced that it will levy 25% additional tax on 545 US products. Additional taxes, including cars, soy beans and lobster, cost about $ 34 billion.
Russia has also introduced additional customs duties on a range of US products with domestic substitutes.
Beijing also accused the United States of complaining to the World Trade Organization
accusing the United States of "launching the biggest war of economic history".
The amount of customs duties introduced by the United States on a series of Chinese products and put into effect Friday is about 34 billion US dollars
US Trump, which states that the country has taken this step to revive the manufacturing sector.
The United States also increased taxes on imports of steel and aluminum from the European Union, Mexico and Canada.
US investment bank Morgan Stanley said the additional US tax imposed by the US it said it would affect 0.6 percent of the trade.
The United States only reported $ 500 billion last year from China
On the other hand,
[ad_2]
Source link
