The latest round of US-China trade war has begun.
The US has imposed a 10% tariff on all goods from China. This is at the peak of 10% that was slapped last month.
So it is a total of 20% duty Force Became president.
Last year, he promised a tariff of up to 60%, so more is yet to come. Beijing is brackets for her.
China quickly hit back. It includes the US including chicken, wheat, corn cotton, sorghum, soybean, pork, meat, dairy and fruit and vegetables. Tariffs have been announced between 10% and 15% on agricultural products.
U.S. last month On China’s revenge tariff hit crude oil, liquefied natural gas (LNG) and coal. He from China to the U.S. The export of critical minerals up to up to up to is banned and banned.
The Chinese government its U.S. Also expanding the list of companies that they classify as “untrustworthy entities”, putting them in the export control list.
Tariffs between the world’s two largest economies are gaining tight-for-tate.
During a round, China kept its cool and replaced with targeted and limited tariffs.
Now his response is getting stronger, he is in the U.S. He is accused of “transferring guilt”.
US China accused China of fueling American Drug By producing chemicals used to make fantanial. China says it is an American -made problem.
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All of this is happening during China’s most important political and economic weeks.
The country’s rubber stamp is found in Parliament, National People’s Congress, Beijing tomorrow.
It determines the economic direction for China for the year.
It is already struggling with housing and demographic crisis, youth unemployment and weak consumer expenses.
The last thing for Beijing is a tariff to deal.
But he wants to show the world that he is a stable and responsible economic partner whose US Will not be mischievous by.
Chinese President Xi Jinping And President Trump has not spoken since January.
So after moving months, the tariff increases.
This story originally appeared on News.sky.com read the full story
