The Asian country is of the opinion that American products “no longer have a real market in China” and that every new tax will and will be “irrelevant” and will end “in a mockery in the history of the global economy.”
The increase in rates from 84 % to 125 % compared to all products imported from the United States to China this Saturday, a new episode of the growing commercial war between the two largest economies in the world.
The measure was announced this Friday by the Customs Council’s Committee of the State Council, which justified as a direct response to the last rates approved by Washington, which raise the total total of the rates that were applied to Chinese exports to 145 %.
For his part, the Chinese Ministry of Trade accused the US. “Coercive Unilateralism” And described the recent rate offensive as a ‘game of non -economic figures’.
According to his statement, American products “They no longer have a real market in China“And every new right of retention will be” irrelevant “and will eventually become a spot in the history of the global economy.”
The Chinese spokesperson Lin Jian said on Friday that China “does not want a commercial war, but he fears it” and warned Washington to leave the pressure if you really want to solve the tensions “via the route of the route route dialogue“
China plans to present a new one Ask before the World Trade Organization (WTO), Although it has acknowledged that its scope is limited by the American blockade to the professional organ.
For his part, the president of the United States. Donald TrumpHe has warned that “reprisals China will harm” and “optimistic” before a possible agreement, according to his spokesperson Karoline Leavitt, who emphasized that “when the United States get a blow, the counterattacks with more strength.”
The European UnionOn the other hand, he warned yesterday that he will take reprisals if a negotiated solution for the Commercial War is not reached, which, according to Brussels, will hit the American economy more than the European.
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
