Trump has threatened China with tariffs on $500 billion

Трамп пригрозил Китаю пошлинами на $500 млрд

Raising taxes is not due to a bad connection to China or for political reasons, and for the benefit of the United States, assured Donald trump.

The US government can impose duties on almost all goods imported into the country from China. On Friday, July 20, said the American President Donald trump in an interview with CNBC.

He said he was ready to increase the number of taxable import duties of goods produced in China.

“I’m ready to reach five hundred (billion),” said trump.

In mid-June, the US President announced the introduction of duties on goods from China for a total of $50 billion, and to date, the United States, according to the channel, has already imposed import from China at $34 billion, to which China responded with mirror measures.

Implementation threats trump, as the channel, will lead to the fact that imposed duties will be virtually all imports from China in 2017 in the US imported Chinese goods worth $505,5 billion Mirror on this measure, China can not answer, because American goods it imports significantly less. In 2017 the total value of U.S. exports to China totaled less than $130 billion.

“I really like President XI, but it’s very unfair,” trump said, adding that raising taxes is not due to a bad connection to China or for political reasons, but in order to benefit US.

We will remind, on 11 July it became known that the administration of Donald trump has prepared a new list of goods from China which shall be collected fees totaling about $200 billion.

Amid trump statements about the possible escalation of trade war with China the major stock indexes of Europe have gone down. The German DAX, dropped more than 0.5%, Britain’s FTSE 100 up 0.4 PCT, France’s CAC 40 by more than 1%. Trading on the US exchanges have not yet started.

News from the Telegram. Subscribe to our channel