China is now seen in panic turn after US President Donald Trump increased Shukla. China is now in touch with other countries to bridge the trade deficit from the US. On Wednesday, US President Donald Trump decided to postpon the fees levied on most countries for 90 days, although he has increased the duty rate on imports to 125 percent from China to 125 percent amid the possibility of recession in the market, market.
Trump said that these countries agreed to interact on more favorable terms.
China refused to negotiate and said that the US is ‘Makkar’ and that fee will “fight till the end” in the war. After this, Trump increased the tax rate on sugar imports to 125 percent. China, while retaliation, has imposed an 84 percent fee on American goods, which has become effective from Thursday.
Amidst these developments, China has now focused on Europe. There was a phone conversation between Chinese Prime Minister Lee Kiang and European Commission Chairman Ursula von Der Leyen, through which “an attempt has been made to give a positive message to the world.”
Both are each other’s largest trading partners.
Government news agency ‘Xinhua’ said in one of its news, “China is ready to work closely with the European Union to implement the understanding between China and European Union leaders.”
The issue of American fee was discussed on Tuesday through a video conference on the issue of American fee between Chinese Commerce Minister Wang Vento and European Union’s Trade and Economic Security Commissioner Sephakovic.
Xinhua in his news quoted Wang as saying that the fee “severely violates the legitimate interests of all countries, violates the WTO rules, rules-based multilateral trade systems cause serious damage and severely affect the stability of the global economic system.”
It said, “This is the task of unilateralism, protectionism and financially harassment. China is ready to resolve differences through consultation and dialogue but if America is adamant on its stance then China will fight till the end. ”
Wang has also spoken to ASEAN countries while Prime Minister Lee has met business giants.
Xinhua quoted Lee as saying that China has “fully evaluated and is ready to deal with all kinds of uncertainties and will present policies according to the situation.”
It is not so that all countries are interested in joining China amidst China’s efforts to mobilize countries. Many countries that have had a dispute with China are not showing interest in it.
Australian Prime Minister Anthony Albanese told reporters, “We talk about ourselves and Australia’s stance is that free and fair business is good. We interact with all countries, but we stand for the national interest of Australia. ”
It is believed that India has not paid attention to the Chinese call related to cooperation. At the same time, Russia, a close country of China, is nowhere in the entire scenario.
