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The administration of WASHINGTON took another step for the US-China trade war to grow exponentially.
The US Trade Representative (USTR) announced that the list of Chinese products would be subject to an additional 10 percent customs tax, which President Trump issued on June 18, according to instructions.
There are a variety of products ranging from seafood to sport gloves, natural and chemical minerals to vegetables and fruits, tobacco products to car tires.
Nevertheless, he drew attention to the fact that an important part of the list consists of technology-intensive products that will damage the initiative "Made in China 2025".
The announcement of the American business community and the public comment will be finalized within 60 days of the return of information.
In a statement on the list, US Trade Representative Robert Lighthizer said Friday that "in response to China's unjust activities, China's $ 34 billion in response to China's unfair activities"
25 percent tariff on the product began to apply, "he said.
Lighthizer said:
"China has threatened the United States with tariffs of $ 34 billion for US products and more rights for $ 16 billion." President Trump said that
In a statement he made last week, Trump said that the total value of the tariff for China's pension could rise to $ 550 billion.
Responding to all stages of the United States with a "shortened" perspective, the Beijing administration accuses Trump of launching the biggest trade war on the history of the global economy, arguing that China has been forced to react. Developments seen as the beginning of a trade war between the United States and China began with the Trump administration providing 25% and 10% additional duties on imported steel and steel. Aluminum, respectively, on March 23rd. [
In response to additional tariffs on its steel and aluminum products, China introduced tariffs of 15 to 25 percent on 128 US products by the end of the year. year
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that, because of its illegal activities to seize, China will bring more than 25 percent additional tariffs on Chinese products at two levels worth more than 50 billion dollars. The Beijing administration reacted quickly to this initiative, that the United States only targeted China. The Chinese Ministry of Commerce announced that in response to this decision, 65% of the $ 50 billion imported from the United States will be subject to a 25% customs tax. On June 18, US President Donald Trump ordered the imposition of more than $ 200 billion in tariffs if China reacted to retaliatory measures against previously announced tariffs.
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When the calendars show July 6, the US government has officially begun to apply 25% additional customs duties on more than 800 products of 39, worth $ 34 billion imported from China.
Despite all Trump's threats, the Chinese government announced that US tariff increases for imported products "came into effect immediately".
The publication by the USTR of a $ 200 billion list of Chinese products in response to China's retaliation was the last step in the US-China trade war that was developed like a snowball. It is curious to see how Beijing will react to this movement.
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