The Secretary of the US Treasury allows a strong response to the duties of China. It's about shares on the stock exchange
“I think it is unfortunate that the Chinese do not really want to come and negotiate because they are the worst criminals in the international trading system … and I can say that this escalation is lost to them” – commented on the new additional duties of China on the USA, the secretary of the treasury in the administration of Donald Trump Scott Bessent.
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In the exposure of Fox Business, he stated that “China can raise duties, but so what.” He also stated that they should not deepen the devaluation of their currency.
When asked about The possibility of removing Chinese shares from the American stock exchange replied that “everything is on the table”.
China puts additional duties on the USA
China took retaliation against the United States after the new duties imposed by President Donald Trump, announcing that They will raise duties to American goods to 84 percent. Thus, as Bloomberg emphasizes, the escalation of trade conflict between the two largest economies of the world is progressing.
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Initially, Trump justified a 34 % increase in customs duties to China as a fair way to match the barriers that Beijing introduced against American companies and goods, and then added another when China responded to the move of President Trump, also imposing 34 percent. duties on products from the USA.
Customs announced by the Chinese Tariff Commission of the State Council (Government) They will apply from April 10 from 12:01 local time (6:01 in Poland).
The day before China promised to “fight to the end” if the US will put on new duties. Chinese exports have already been exposed to general fees imposed this year and criminal taxes from the first term of Trump and the next Biden administration.
