"China corresponds US 34% by import tariffs This decision follows president Donald Trump's "mutual" customs duties on all Chinese goods"

grazynarebeca.blogspot.com 2 months ago

China will impose 34% work on all goods imported from the United States from 10 April, announced on Friday the Ministry of Finance of that country.This decision follows the announcement by US president Donald Trump of 34% of the customs work on Chinese goods as part of the fresh escalation of the tariff war.

Beijing's message came after the Ministry of Commerce condemned American customs, calling them "one-sided intimidation".Trump introduced on Wednesday a wide scope of fresh duties ranging from 10% to 49% on imports from all countries, based on what the president of the United States called the rule of reciprocity.China – named by Trump 1 of "The worst criminals" – they were charged a fresh 34% work on exports to the United States, in addition to the existing 20% duty, which increased full duties to at least 54%.Beijing besides filed a suit with the planet Trade Organisation (WTO) in consequence to the duties.In addition to WTO activities, the Chinese Ministry of Commerce introduced fresh restrictions aimed at US companies.

Eleven US companies were added to China's list of unreliable entities due to their reports of military cooperation with Taiwan.

In addition, 16 US companies were subject to fresh export control measures to monitor the transfer of dual-use goods.Before the final circular of duties of Washington USA and China had a crucial tariff gap.

According to Bloomberg's calculations, the average Chinese work on American products was 17.8%, compared to 32.8% imposed by the US on Chinese goods."US action does not comply with global trade rules, seriously undermines legitimate and legitimate Chinese law and interests and is simply a typical unilateral intimidation" “The Ministry of Finance stated in a message announcing the common duties of 34%.Beijing condemned these measures, informing that they were violating the balance established by the multi-annual multilateral trade negotiations.

Called to Washington to ‘immediate’ abolishing tariffs and resolving any disputes by "fair and equal dialogue" with trading partners.

Translated by Google Translator

source:https://www.rt.com/news/615233-china-us-import-tariffs/

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