Customs against China: Trump heralds a new trade crisis!

Customs against China: Trump heralds a new trade crisis!

In a meeting of the business powers, the United States and China once again triggered customs conflicts. According to the Kleine Zeitung , the Ministry of Commerce in Beijing announced as a direct response to the recently imposed duties of its own consumption tax To introduce. These include 15 percent on imports of coal and liquid gas from the USA, as well as 10 percent on crude oil and certain industrial products.

These new tariffs come into force on February 10 and are part of a larger conflict that heats up the tensions between the two largest economies in the world. According to Rnd also Trump from Canada and Mexico for a month Exposed after talks with the leaders of the two countries came about. The upcoming talks with China should take place within 24 hours; However, there has been no agreement to avert customs measures to date.

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Trump justified customs breaks with the need to act against illegal fentanyl trade. China's reaction suggests a potential trade war, similar to the one that started in 2018 when Trump first imposed tariffs. At that time, the tariffs put a significant impact on the Chinese export industry by reducing the competitiveness of Chinese products on the US market. The current major weather situation indicates that the tensions between the USA and China could thrash again, which will put both economies under pressure.