Breaking News         Latest US News              New York News              Fx Tribune

How to optimise the costs of your business
The trade dispute between China and the United States has reached another round. From 23 August, both countries will introduce new customs duties of 16 billion dollars each.

Trade dispute: China responds to us tariffs with countermeasures

The trade dispute between China and the United States has reached another round. From 23 August, both countries will introduce new customs duties of 16 billion dollars each.

Trade dispute: China responds to us tariffs with countermeasures

Only hours after US government imposed new tariffs on Chinese imports, government reacts in Beijing: The local Department of Commerce announced donations of 25 percent to US imports in volume of 16 billion dollars. It immediately responded to a decision by US government, which was only a few hours old, which, in turn, wants to burden imports from People's Republic to same extent with tariffs of 25 per cent. Both measures will apply from 23 August.

"This is a very inappropriate practice," Chinese Department of Commerce criticized US decision. Their countermeasures take a total of 333 US goods, including diesel and coal, but also steel products and medical technology. According to office of US trade representative, a total of 279 Chinese product groups are affected by new tariffs.

US President Donald Trump is disturbing his country's huge deficit in trade with China. While U.S. was worth 130 billion US dollars to execute China, ExportiertChina goods worth 500 billion US dollars to United States.

Levies on cars, soy and meat

In mid-July, Trump said he was willing to impose duties on all Chinese imports. The US was "a long time from China ripped off", Trump criticized. China again criticized that US would destroy mutual trade with ever-new customs duties.

Since July 6th, US tariffs have been applied to Chinese imports of 34 billion dollars. While US was aiming at household appliances and electronics, China raised levies on cars, but also on agricultural products such as soybeans, pork, beef and dairy products.

The second tranche of US tariffs is now aimed at commodities such as metals, lubricants, chemicals and again electronics. The government in Beijing, on or hand, wants to occupy commodities such as coal and gas, motorcycles and or vehicles with customs duties.

Publish Date : 09 Ağustos 2018 Perşembe 12:00

Breaking News Headlines

The Caixa bet by following "commitment to society" of its founder
The Caixa bet by following
Agrolimen transfer from Sant Joan Despí to Huesca factory broths and soups Gallina Blanca
Agrolimen transfer from Sant Joan Despí to Huesca factory broths and soups Gallina Blanca
Trump and Xi are given a truce in their war commercial
Trump and Xi are given a truce in their war commercial
The gender gap in health, a hole of almost 9,000 million euros a year to Spain
The gender gap in health, a hole of almost 9,000 million euros a year to Spain
The funds star funding business basque are still in 'stand-by'
The funds star funding business basque are still in 'stand-by'
Deutsche Bank: "Spain has lost the favour of the great managers"
Deutsche Bank:
Cars of Spain, in the white of the tariffs of Trump
Cars of Spain, in the white of the tariffs of Trump
A high charge of Compromís attacks to an investor british: "Intu go home"
A high charge of Compromís attacks to an investor british:
The digital transformation and "improve your Spanish", the challenges of the new ceo of BBVA
The digital transformation and
The Government will establish a working group to study the regulation of the sales
The Government will establish a working group to study the regulation of the sales
Norwegian "break the monopoly" of Iberia with Boston to add to their direct routes between Madrid and USA
Norwegian
PP and PSOE whiten your history in the crisis: "The problem of the boxes was not their politicisation"
PP and PSOE whiten your history in the crisis:
POLLS Results ALL
Who is the most powerful actor in Syria

Front Pages
  • The Sun
NEWS ARCHIVES