China has responded to the recent US customs survival: 125 percent will be due on US goods from Saturday. At the same time, Beijing turns to other trading partners.
The back and forth in the commercial dispute between Washington and Beijing continues: China is just as adamant as the USA and increases tariffs to US goods from 84 to 125 percent from Saturday, as the Chinese State Council said.
She announced that Washington will continue to raise tariffs to Chinese goods that are exported to the USA in the future, China would ignore this. The tariffs had reached a level at which there is no longer any market acceptance for US goods that would be exported to China.
Ulrich Ueckerseifer, ARD Washington, on the customs dispute between China and the USA
US President Donald Trump had previously announced that the tariffs on imports from China further increase to 125 percent. The US government then announced that they had not included in the amount of 20 percent. The special customs set against China is now 145 percent.
Trump justified the step by making China towards the world markets “lack of respect”. Beijing had previously made it clear in response to the US customs duties of the past few days that it was ready to “fight until the end” and accused the USA “extortion”.
China advertises cooperation with EU
At the same time, China advertises better relationships from other trading partners. A meeting with the Spanish Prime Minister Pedro Sánchez was about working with the EU in the global trade conflict.
President Xi Jinping said that China and the EU should together protect the international trade environment and defend itself against one -sided and harassment practices to protect international rules and international order. There are no winners in an customs war and you insulate yourself.
Sánchez said after the meeting: “We always campaigned for negotiations and a mutual solution to a crisis like the current trade crisis.” Based on this, a door to dialogue is open. He was sure that the world needs both China and the USA.
Before that, EU trade commissioner Maros Sefcovic and the Chinese Minister of Commerce Wang, Wang Wentao, also spoke about more economic exchange on both sides.
For the time being, the US President had suspended the announced customs surcharges for other countries. This inflow of Trump had initially caused some relief among trading partners and on the stock exchanges.
