U.S. imposes 10%-s ‘ duties on goods from China worth $200 billion
WASHINGTON, September 24. /TASS/ — the head of the White house Donald trump said the United States “for months,” urged China “to change its unfair trade practices”.
Upstairs
Customs duty of 10% on imports of China in the USA goods which total cost is estimated at $200 billion, will be introduced on Monday, September 24. The President of the United States Donald trump also intends to proceed to the third phase of the implementation of restrictive measures and to impose additional fees in the amount of $267 billion, if Beijing retaliates.
Entered on Monday, duties the first of January of the following year will rise to 25%, said at the White house.
Trump said that the United States “for months,” urged China “to change its unfair trade practices”.
We have made clear what changes are needed, we gave China the opportunity to deal with us honestly.Donald Trepresent USA
He believes that the customs duties “have a huge effect” on China. “China has long used the United States, and I cannot allow that to happen,” said trump. He repeatedly pointed out that the ultimate purpose of this policy is to achieve free trade without taxes and subsidies on both sides.
Thus, referring to the planned talks between the US and China on resolving trade issues, the President did not rule out that “at some stage it will be possible to make a deal”.
As previously explained, the Minister of Commerce Wilbur Ross, Washington believes that Beijing cannot take a symmetrical response to the introduction of new us tariffs on products from China.
China does not receive a sufficient volume of imports to enter a mutual duty. We sell them less than $150 billion a year. So in this sense they are unarmed.Wilbur Rossminster of Commerce
In addition, the Secretary of state Michael Pompeo on Sunday said that the United States is determined to win in a trade war with China and do not intend to deviate from its policy of imposing customs duties.
Implications for the United States
Commenting on Washington’s decision not to impose new duties some names of high-tech products exported from China, including smart watch Apple Watch, Ross said that the US was trying “to affect consumers.” The head of the U.S. Department of Commerce also emphasized that “ultimately nobody will notice the effect of duties” in the United States since the additional cost of the goods “will be divided among thousands and thousands of products”.