WASHINGTON, August 23. /TASS/. Fee at the rate of 25% on imported from China in the USA goods which total cost is estimated at $16 billion, will be introduced on Thursday, August 23. In the office of U.S. representative for trade negotiations Robert Leitheiser stated that this list includes 279 items of Chinese products.
Entered into Thursday’s duty – the second part of the announced Leithauser duties on imported Chinese goods worth $50 billion. the First part of the duties for which the goods came to $34 billion, was introduced on 6 July.
A new salvo of a trade war
The US President Donald trump said that the decision was made in connection with any unlawful, from the point of view of the United States, the assignment by Chinese enterprises, of American intellectual property and technology, as well as Beijing’s unfair trading practices. According to trump, the new measures of the us administration will contribute to the elimination of the US deficit in bilateral trade with China.
The list of goods which will be charged fees, including products produced in the framework of the scientific-technical development of “Made in China 2025”. As explained in the office of Leithauser, duties affect mainly the products of the aerospace industry, information and communication technology, robotics, industrial equipment, automotive.
In response, Beijing announced that it would apply in relation to U.S. production increased tariffs by the same amount “synchronous order” and will give a decisive response to Washington as the new steps of the American side infringe on the national interests of the PRC. The Ministry of Commerce of China published on 8 August, the list of us goods worth 16 billion dollars from August 23 will be introduced increased duties on 25%. As can be seen from the list, the increased charges will be levied on petroleum products, automobiles and medical equipment.
August 17 it became known that the US and China are working on preparing the roadmap for the withdrawal of mutual claims, which provides for the possible carrying out several rounds of negotiations in the coming months.
According to the newspaper “wall street journal,” the parties plan to find a way to reduce in recent months tensions in trade relations and can spend the subsequent months, several consultations. This should happen before the scheduled November meetings trump with the President of China XI Jinping, expected to take place in the course of the “multilateral summits”.
Also to overcome the differences, the Chinese delegation headed by Vice Minister of Commerce Wang Showanim arrived in Washington to conduct August 22-23 in trade negotiations, writes The Washington Post.
Earlier it was reported that XI Jinping has said officials involved in the negotiations with Washington about the need to try to stabilize the bilateral relations between the US and China as soon as possible. As wrote The Wall Street Journal, citing Chinese officials and experts, the Chairman of the PRC fears that trade disputes with Washington could jeopardize plans for further economic development of China and enhance its influence in the world.