US President Donald Trump and Chinese President Xi Jinping.
Bangkok: The trade war raised by US President Donald Trump has created widespread tension between the US and China. Due to this, bitterness has also started coming in political and diplomatic relations of both countries. In the coming time, this trade -wise will be able to say anything more to these two countries will be transported to other countries. Let us now tell you why the dangerous trade war has erupted in America and China.
Explain that according to its new trade policy, the US had imposed 34 percent tax on China. After this, China also imposed the same tax on America separately. Despite the threats of America, when China did not withdraw this new tax, the White House imposed 50 percent tariff on China. Due to this, China announced an additional tax of 84 percent additional tax on the US. This reached the relationship between the two countries.
China’s tariff will be implemented on America from April 10
China has retaliated on the products imported from the US and announced to increase the customs duty to 84 percent. This has caused a stir again in the white house. This increased tax will be effective from Thursday i.e. April 10. Along with this, China has spoken of ‘fighting till the end’ in the growing trade war with the US.
Explain that last week, China had said that it will impose 34 percent fee on all American goods. China took this step after US President Donald Trump’s implementation of a 104 percent fee on China’s exports to the US on Wednesday. Beijing said that it is starting another case against the US in the World Trade Organization (WTO) and more restrictions on trade of American companies with Chinese companies will be imposed.
What did the Chinese Ministry of Commerce said?
The Chinese Ministry of Commerce issuing a white paper on trade with the US said in a statement, “If the US insists on further enhancing its economic and trade restrictions, China has firm will and adequate means to take necessary retaliation and fight to the end.” The Chinese government did not comment on whether it would talk with the White House, as many other countries have started. US President Donald Trump has announced a 104 percent fee on Chinese exports to the US by targeting a huge increase in fees globally, especially China.
America has increased the total fee on China by 104 percent
The additional 50 percent fee charged by Trump came into effect from Wednesday, after which the total fee on sugar exports in the US increased to 104 percent. China has pledged that if Trump continues this fee system, it will fight till the end. So far, China is not showing interest in conversation. China’s Foreign Ministry spokesman Lin Gian said on Wednesday, “If the US really wants to resolve issues through dialogue, it should adopt the attitude of equality, respect and mutual profit.” (AP)
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