China and the United States shave each other on customs duties, and neither of them retreat

American companies looking to sell in the huge Chinese market have just made great success. 34 % increase in prices on all American goods entering the country, some of which will come out from here completely.

This is especially bad for agricultural producers. They already had 10 or 15 % on their products entering China, in response to the last round of the Trump tariff. Now, if you add 34 % more like this, most of them are likely to pricing.

Beijing does not seem very concerned about searching elsewhere for more chicken, pork and chore – and they are at the same time – he knows that he is planting the American president in his heart.

Globally, all this worries analysts.

The problem is that supply chains have become very international, and components can be obtained in any specific product from all angles of the planet.

Therefore, when economic distress ripples begin to spread from one country to another, they can have severe consequences for all trade.

The most important thing is that the greatest economy in the world is now in shaving each other without any indication that either preparing to decline.

Just take the timing of the Beijing advertisement.

The Chinese government revealed the promised “counter measures” of the last Trump tariff in a statement written by the Ministry of Finance at 18:00 local time (10:00 GMT), on Friday night, which is also a public holiday.

Timing can mean several things.

1. He wanted to bury the news at some extent, so that you do not bother people too much.

2. She simply released the advertisement once her calibration is completed.

3. Beijing surrendered in the hope of using the small window that it was before the Trump tariff was 54 % on Chinese goods next week to make a deal. Therefore, the government only decided to leave it to rupture.

If this is the last of these reasons, this is very dark news for the global economy because it may mean that the settlement between the great powers in the world may be difficult to reach from what many expected.

Another indicator of President Xi’s position can be seen towards President Trump’s tariff for what he was doing when he was announced.

Elsewhere, governments may be glued to TV, hoping to avoid worse than Washington.

Not here.

The eleventh and the other six members of the Permanent Policy Committee were planting trees to attract attention to the need to combat the removal of forests.

He has made a kind of calm in Trump, with an atmosphere giving similar: Do your best in Washington, this is China and we are not interested in your splendor.

There is still room for the United States and China to reduce the type of deal, but the letter does not seem to be heading in this way.

Another possible path is to increase China from its trade with other countries – including the western countries that were once seen as allies close to the United States – and for these new ways to cut America mainly from the episode.

Again, this will hurt not only American companies but also American consumers who will actually pay higher prices thanks to the Trump tariff.