Beijing asks Washington to “completely cancel” his reciprocal tariffs in the middle of a growing commercial war.
China has welcomed the announcement of the United States of a series of import tax exemptions on consumer electronics, which said it was a “small step” to correct the “incorrect practice” of President Donald Trump or impose 145 percent tariffs on Chinese products.
“China is now evaluating the impact,” said a spokesman for the Ministry of Commerce in a statement on Sunday, after Washington said that smartphones, computers and other electronic products would be excluded.
The United States Secretary of Commerce, Howard Lutnick, said ABC Sunday this week that smartphones, computers and someone’s electronics would be low separate tariffs, along with semiconductors that can be imported in a more or less month.
Beijing asked Washington to “completely cancel” their reciprocal tariffs. “We urge the United States to … take a great step to correct their mistakes, completely cancel the wrong practice of ‘reciprocal tariffs’ and return to the right path of mutual respect,” said the statement of the Ministry of Commerce.
The Trump administration on Friday night awarded exclusions of steep electronics, largely imported from China, providing great rest to technology companies such as Apple that depend on imported products.
The measure occurred as Chinese import rates of retaliation or 125 percent on the effect of tok of US goods. Uu on Saturday, with defiant beijing against its primary commercial competitor.
The growing tariff battle of Washington and Beijing has increased the fear of a lasting commercial war between the two largest economies in the world and has sent global markets to a tail.
The consequences have sent shock waves through the economy of the United States, and investors throw government bonds and the fall of the dollar.
The US trade representative, Jamieson Greer, told CBS Sunday that there are still no plans for Trump to speak with Chinese President Xi Jinping.
Trump insisted on Friday on his social platform of truth that “we are doing this really well in our tariff policy”, just after Beijing announced his most lost walk.
While Trump has referred to tariffs as a way to return manufacturing to the United States, analysts say that he will probably have increased national production years.