Trump against China: New tariffs threaten to spark trade war!

Trump against China: New tariffs threaten to spark trade war!

President Donald Trump has increased the tariffs to Chinese imports by ten percentage points, which results in immediate consequences for international trade relationships. In a quick answer, the Chinese government has announced that the retaliation duties are introduced to certain US goods, in particular on fossil fuels. According to information from Krone , 15 percent tariffs are to be raised on coal and liquefied natural gas, while a surcharge of 10 percent for crude oil and other industrial products. These measures will be effective next Monday, February 10th.

Trump had signed a decree that provides for additional tariffs on existing customs sets on numerous products from China. This happened shortly after the deadline for avert new US tariffs against China. While tariffs were temporarily exposed to Mexican and Canadian imports, the relationship with China, according to reports from

Current customs authorizations have the potential to significantly burden Chinese export industry, since Chinese goods become more expensive on the US market, which reduces their competitiveness. These developments could therefore have far -reaching consequences for global trade and the economic stability of both nations, while the waves between the United States and China again.