He says that “more than 75 countries” have contacted new trade agreements.
The White House has warned that the import of Merchandise from China can be confronted with “a rate of a maximum of 245 %” as a result of the reprisals implemented in the Commercial War that has been released between the two super powers.
In an informative circular published by the President’s office, Donald Trump, details of the White House that this rate of 245 % would be a result of adding the mutual rate of 125 % and the rate of 20 % because of the fentanyl crisis, in addition to the rates for specific products under section 301 and 100 %.
The commerce law of 1974 authorizes the US president to take all relevant measures, including tariff and non -Tariff reprisals, to reach the elimination of an action, politics or practice of a foreign government that violates an international commercial agreement or that is unjustified or discriminatory that impedes US trade.
On the other hand, the circular states that “more than 75 countries have already contacted new commercial agreements”, so that the highest rates, announced on April 2 and whose entry into force of April 9, are currently in break while these negotiations are celebrated, except in the case of China, who responded with reprisals.
On his side, a spokesperson for the Chinese Ministry of Trade pointed out that Beijing “has noted that accumulated rates on some Chinese products are exported to the United States have reached 245 %”, which exposes “irrationality” with which the United States has instruct the use of rates.
That is why he remembered that China has repeatedly made his position on the unilateral increase in American rates and “will ignore the absurd play of the American tariff numbers.”
However, he has warned that if the United States is insisted that Chinese rights and interests violates considerably, the country will fight firmly until the end. “
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.
