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).
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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.
More information soon.
