Increased trade war! China increases customs duties

China It does not give threats Donald Trump This Friday announced this The definitions will increase to 125 % To the United States products, increased the deepening of trade war.

The Customs tariff committee of the State Council confirmed in a statement that “the United States imposing an abnormally high customs tariff on China violates international commercial standards, basic economic laws and a proper sense.”

We recommend: Trump increases the definitions to China to 125 %; Prices stop to other countries

Given, he announced that from Saturday it will be applied 125 % of the customs tariff for American products, in response to this 145 % of the fees Chinese import taxes in the United States. Beijing said that Customs duties will not continue to increase moreAlthough Washington is doing it.

China has also announced that it will provide a Request in front of the World Trade Organization (World Trade Organization) In the last round of Trump’s tariff, after he took refuge in the body this week.

Economists warn that the barriers that prevent trade between Chinese and American economies, closely related, threaten companies, will increase consumer prices and may cause global recession.

IPek Ozkardeskaya, an analyst at Swissquote, considers that the size of the definitions is “no longer logical”.

“But in China, they are now ready to reach further, because they resigned from short -term profits in exchange for long -term relief,” he said.

China refers to the markets with definitions

The last Chinese scale for an increase of 125 % in US products in the United States has increased incitement to the markets, with a decrease in European stock exchanges, gold climbing and a decrease in the dollar.

In a message about the social truth platform, US President Donald Trump continued to defend his strategy on Friday: “We are doing a really good job.”

“Very exciting for the United States and the world!” books.

But in a sign of the increasing interest of investors in the health of the American economy under the Trump government, the dollar fell to at least three years against the euro.

Trump is the pause of mutual definitions

Donald Trump announced on Wednesday 90 days a pause in definitions Those who just imposed 60 commercial partners, with the exception of China.

However, Washington maintains a minimum of 10 % of the customs tariffs 25 % steel and aluminum rates And cars, which affect the European Union from among others.

Chinese President Xi Jinping urged the European Union to “resist” harassment “together.

At a meeting in Beijing with the Spanish Prime Minister, Pedro Sanchez, the second global economy leader, highlighted the need to cooperate before the trade war launched by Trump.

“China and the European Union must assume its international responsibilities, protect economic globalization together (…) and resist unilateral harassment,” she said.

“Spain and Europe have an important commercial deficit with China that must be worked on,” Sanchez said.

With AFP information

VJCM