Beijing brought tariffs for imports of American oil and agricultural machinery at 10%and 15%liquefied natural gas (LNG) and coal. Written Bloomberg Agency referring to the knowledge of the Chinese State Administration for market regulation.
In addition, the PRC has brought control over the material supply containing Tungsten. An investigation against Google was launched against Google due to violations of antimonopol legislation. In addition to other things, China was introduced in the record of unreliable American companies PVH and Illumina.
The Chinese side made this decision in response to US President Donald Trump’s decision to tighten the trade war. On February 1, Trump signed a decree on bringing tasks related to goods from Mexico, Canada and China. For the two countries, the size will be 25%, PrC -10%. The politician announced his actions by protecting the interests of American business.
US President Trump on Tuesday Spent Negotiations with Canada and Mexican Presidents. The parties agreed to protect the borders and control drug traffic. In response to this, Washington suspended import taxes from these countries for 30 days, but not for China.
It happened before KnownHow Chinese exporters plan to overcome US duties.
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Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.