Photo: Aly Song / Reuters
China’s Ministry of Finance has promised retaliatory measures after the imposition of US duties on Chinese imports in the amount of 10 percent from September 1, reports Reuters.
In a statement the Ministry said that new sanctions undermine the negotiation process in the conflict the United States and China and the result achieved in the course of communication leaders Donald trump and President XI Jinping.
The increase in duties in July, announced personally by trump. The volume of goods which relate to restrictions amounted to 300 billion dollars. The reason for the discontent of the USA was the refusal of China to increase purchases from American farmers.
On Tuesday, August 13, Washington softened sanctions coming. On a number of products, the introduction of fees was postponed until December 15. List, smartphones, laptops, game consoles, computer monitors, some brand shoes and apparel. Trump explained such decision care about the American consumers before Christmas shopping.
The market perceived this decision as a warming of relations between the two countries, but the statement Chinese the Ministry of Finance puts this statement into question. What exactly will meet China, the Ministry said.
The trade confrontation between the two largest economies in the world launched in 2018. Trump during the election campaign of 2016 promised to ensure fair trade with China. The main weapon of the USA chose the sales tax.
Video, photo All from Russia.