Economic & Industrial

The US-China trade war began officially

The US-China trade war began officially
Mining News - The Wall Street Journal quotes well-informed sources that the US president has approved a new tariff on imported goods from China.
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US President Donald Tramp has approved a 25 percent tariff on imported goods from China worth $ 50 billion, according to sources quoted from sources on trade issues between Washington and Beijing.

According to the Wall Street Journal, Tramp has confirmed these tariffs after meeting with senior White House officials, the US Treasury Department and the US Department of the Treasury and Commerce, as well as its trade and national security officials.


According to the report, the US business representative is preparing a final list of new tariffs, and the list, which does not differ much from its prototype, will be released on Friday in Washington. However, it is not yet clear what date the new tariff applies to this list, which includes one thousand 300 products. In May, the two countries agreed to end tariffs and prevent trade between the two sides during talks in Washington, but Tramp again considered new tariffs for Beijing.

The new talks were made by US Trade Secretary Wilbur Ross and Liu Khee, Senior Economic Advisor to the President and Vice Premier of China, and during the negotiations, Liu threatened that Beijing would not pay the tariff and retaliated. will do.

China had already signed an agreement with the United States to increase imports from that country, which would reduce its $ 375 billion trade surplus to the United States, but new tariffs could stop the program.


The Xinhua news agency reports that if the United States seeks sanctions and tariffs against Beijing, the previous agreements between the parties will be abolished and will not be enforced.
As the two countries` rifts intensify, China has called on Europe to put up disputes with Beijing to confront America`s trade unilateralism and form a united front against the United States.


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