The trade conflict between the US and Canada and China continues to escalate. In response to the criminal rates imposed by Washington, Prime Minister Justin Trudeau now announces countermeasures in the same amount. The Chinese government imposes punitive rates on chicken meat, wheat, corn and cotton from the US.
After US President Donald Trump has the announced rates of 25 percent for goods from Canada and Mexico (“no scope”), resistance is stimulated.
Trudeau: criminal rates of 25 percent
Kanada’s Prime Minister Justin Trudeau announced countermeasures against his country shortly before the entry into force came into effect. In his side, his country will be in height of a minute after midnight (6.01 hours) rates Inititative only for goods with a total value of $ 30 billion of 25 percent for American goods, he announced.
Possibly stopping oil export
After 21 days, the volume must be increased to a total of $ 155 billion. And Trudeau also threatens: “If the American rates are not set, we have active and continuous discussions with provinces and areas to take different non-tariffs.” This could probably mean a limitation or even the stop from the oil export to the US-A size that would hit the United States hard.
China imposes rates on American agricultural products
In China, punishing rates of 15 percent must be collected on American goods such as chicken meat, wheat, corn and cotton. For the import of Gierst, Soybeans, Pork, Beef, Fisheries Products, Fruit, Vegetables and Dairy Products, the rates of ten percent are due to.
“Collaboration weakened”
This is done because the US government undermines the “multilateral system of world trade” with its “unilateral approach” and the basic principles of cooperation in the field of economic and trade policy between China and the US, “said the Ministry of Trade.
Trump had ordered the import duties of 20 percent for goods from China – in addition to the previous rates, more than twice as much as before and valid since midnight. China had already responded to the rates in Feber with against -tariffs of 15 percent, for example on coal and liquid natural gas.
Fentanyl smuggling as the reason for rates
For his part, Trump had justified the doubling of the customs rate by the fact that the drug fentanyl, which was produced in China, would be smuggled the US in the US.
Source: Krone
I am Ida Scott, a journalist and content author with a passion for uncovering the truth. I have been writing professionally for Today Times Live since 2020 and specialize in political news. My career began when I was just 17; I had already developed a knack for research and an eye for detail which made me stand out from my peers.
