China and the European Union will deal with the duties of the States

Китай и Евросоюз будут бороться с пошлинами США

Donald trump and XI Jinping

The EU and China strongly oppose unilateral trade approach and protectionism.

After the meeting, representatives from China and EU, the sides stated their intention to oppose the tariff threats of US President Donald trump. This was stated by Vice-Premier of the state Council of the PRC Liu he after the meeting with the Vice-President of the European Commission Jyrki Katainen, reports Bloomberg.

“Unilateralism is growing, and largest economies were trading tensions. The EU and China strongly oppose unilateral trade and protectionism approach and believe that these actions can lead to recession and turbulence in the global economy,” said Liu he.

We will remind, on March 10, trump has signed a decree on introduction of import duties on steel and aluminum at 25% and 10% respectively in the amount of 6.4 billion euros. The White house said that such a step is associated with the need to “ensure national security” of the United States.

As of March 23, the White house imposed a 25 percent import duty on steel and 10-procentul on the import of aluminum.

 

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