34 % customs duties for USA goods

The Chinese government responded to the customs duties US President Donald Trump announced for goods imported from China, reports New York Times (Nyt). As she reported, as a counter-measure they will introduce 34 % customs duties to the US. On Wednesday, the US government announced that it will introduce 20 % customs duties to the Chinese goods on the existing 34 %.

« The US practice is not in line with international trade rules and seriously threatens the legitimate rights and interests of China and is a typical unilateral practice of intimidation, » said the Chinese Ministry of Finance. Their customs duties are expected to come into force next Thursday, 12 hours after US Customs into force.

The Chinese Ministry of Trade also reported that it has added eleven US companies to the list of « unreliable entities » and banned them from doing business in China or with Chinese companies. The ministry also introduced strict restrictions on exporting some of the rare earth elements that are digging almost exclusively in their territory and used in all types of products, from electric cars to smart bombs.

The trade war does not end here. The Chinese Ministry of Trade has announced, among other things, the beginning of two investigations of US exports of medical equipment equipment, one of the few production categories in which the United States are still internationally competitive, writes Nyt. The Chinese General Customs Administration, however, has announced that it will stop the import of chickens from some of the largest US agricultural goods.

Measures published in minutes by three different Chinese government bodies have shown, writing NytThat China does not intend to loosen into a war that Trump began on Wednesday.

The new Chinese customs duties are reportedly related to less goods than American newspaper, as it sells China to the USA much more than piles. China imported US semiconductors, fossil fuels, agricultural products and other $ 147.8 billion products last year, selling $ 426.9 billion in smartphones, furniture, toys and many other products.

But while with the customs of the US President, some large categories of imports, such as semiconductors and pharmaceuticals, have been exempted, Chinese customs duties have no exceptions, the newspaper reported.

China responded yesterday to the US announcement of additional customs duties: “There are no winners in the trade wars and there is no way out. China calls on the US to eliminate unilateral customs immediately and to solve differences with their trade partners properly and equally and equally. «