A deeper look at the conflict between us and China

What a wonder! Chamber’s colleagues, the word “definitions” took on the headlines on news sites and content on social media. This is because the United States and China, in particular, were abandoning commercial power. But what increases all this percentage In reality I mean, especially for the American people? Where does President Donald Trump and Chinese officials stand in this regard. Well, let’s disintegrate everything to take a closer look!

Related to: Trade war? Canada, Mexico and China are divided from the Trump tariff policy

President Donald Trump has stopped importing taxes this week for several other countries. However, he raised the tariffs on China, crowned by 145 %. On Wednesday, the President said that China will face a 125 % tariff, but it did not include a 20 % tariff linked to China’s role in the production of Fintanel.

China returns to us again to increase the tariffs to 125 %

On Friday (April 11), China announced that it would raise a tariff on American goods from 84 % to 125 %, For every Associated Press agency. It is the latest step in a rising trade war between the largest of the world’s economy that shook the markets and raised fears of global slowdown. If you don’t know, we will talk about beef between Economics No. 1 (United States) and No. 2 (China).

China criticized the politics as “economic bullying” and promised counterfeit measures. The new definitions begin in the United States on Saturday (April 12). In a statement announcing this new customs tariff, a spokesman for the Chinese Finance Ministry acquired the trade conflict. He said that raising repeated tariffs “You will become a joke in the history of the global economy“

“However, if the United States insists on continuing to violate the interests of China, then China will face firm and combat to the end,” the spokesman said.

Meanwhile, the Chinese Ministry of Commerce said it would file another lawsuit with the World Trade Organization against US definitions.

“There are no winners in the tariff war,” Chinese leader Xi Jinping said during a meeting with Spanish Prime Minister Pedro Sanchez. “For more than 70 years, China has always relied on itself … and hard work for development, never dependent on anyone’s favorites, and she is not afraid of any unreasonable repression.”

Chinese Foreign Minister Wang Yi also spoke on Friday. Wang Yi said China is firm against Trump’s tariff not only to defend its rights and interests, but too. “Protecting the common interests of the international community to ensure that humanity is not withdrawn to the world of the forest, where it may be correct.” Wang also said China will “Working with other countries to resist all registration actions in the world.”

What and who will be affected by this conflict?

Chinese definitions will affect goods such as soybeans, aircraft, their parts and drugs, which are among the main imports in the country from the United States

Meanwhile, the fine corn, poultry, and Bunyal were suspended from some American companies last week. Export controls on rare ground minerals, which are important for various technologies, have also increased.

The best US imports from China include electronics, such as computers, mobile phones, industrial equipment and games. The 145 % definitions of Trump on China mean that consumers and companies are likely to see prices rise on these products.

White House officials hope that import taxes will create more manufacturing functions by reproducing to the United States. However, some experts say it is a politically fraught comparison that may take years or never happen.