The trade war of the two largest economies in the world. China accepted the US challenge
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The Chinese authorities, who have recently called on the United States to review the restrictive measures in relation to goods produced in China, have not given concessions from Washington. As a result, introduced a response. Starting today, new Chinese regulations are coming in on American products. A sharp increase in duties awaits 128 goods exported by the United States to China.
Information is published on its official website by the Ministry of Finance of China, emphasizing the fact that this is a response measure to protect the Chinese market.
Thus, the duties on American meat imported into China, grow immediately by a quarter. Fees on fruits (including dried fruits) and juices are on 15%, on wines - on 15%.
It should be noted that China is the largest importer of fruits and pork from the United States.
Earlier, Donald Trump ordered an increase in trade duties on imports of steel (by 25%) and aluminum (by 10%) from China.
In connection with the events in world trade, it can be stated that the World Trade Organization and all its principles are virtually crossed out by the United States. According to Robert Azeved, WTO Director General, in connection with the unilateral increase in duties without taking into account the provisions of the WTO charter in the world, a trade war of “all against all” can break out. And its "military operations" are already visible - between the first two economies of the world.
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