China threatens retaliation if Trump launches a trade war
China says it does not want to engage in trade wars with the United States, but
the country will not remain silent if their economies are wounded by US
imports would be subject to a 25% tax rate and 10% aluminum imports. Trump also
President Donald Trump. In a statement on Thursday (01/03), Trump said steel
good". China, Russia urges the United States to abandon 'Cold War mentality'
threatened to apply taxes on EU-made cars. According to him, "trade war is
China and the US have reached 10 points of trade agreement Trump blocked the
between the US and China given the trade volume of both countries breaking
sale of US technology companies to China Zhang Yesui, spokesman for the Chinese
People's Congress, said it is fair that "some friction will occur"
through US $ 580 billion last year. However, Zhang said, China would take
he said he would apply the import tax on steel and aluminum. It was followed by
"appropriate measures" if its interests were injured. What does Trump
want? Previously, Trump had condemned "an annual trade deficit of US $ 800
billion because our trade agreements and policies are 'very stupid'." Then
The products taxed in the form of Levi's jeans, Harley-Davidson motorcycles,
threats against EU-made cars. In January, he has announced the import tax of
solar panels and washing machines. Action counterclaim EU trade chiefs are
reportedly considering applying a 25% tax on US imports worth US $ 3.5 billion.
wisdom of the tax enforcement plan. Therefore, they urged Trump to reconsider
and Bourbon whiskey. Brazil, Mexico and Japan also said they would consider
retaliating action if Trump really embodies his plans next week. Does the Trump
trade war get support? A number of Republican leaders have questioned the
its plans. Senator Orrin Hatch said Americans should bear if other countries
industry workers in Pennsylvania and Indiana predicted would welcome the Trump
respond to the United States. Senator Ben Sasse agrees that "the 18th
century-style protectionism will boost price increases affecting American
families." A number of business groups, such as the US Motorcycle and
Equipment Manufacturers Association, also raised their concerns. However, steel
plan. Is Trump true about trade inequality? The US imports steel from over 100
countries. In sum, the US brings four times more steel than exported.
Since 2000 the US steel industry has collapsed marked by
declining production and number of employees. The US is an export market for
the EU automobile industry. Overall, by 2016, 25% of the 192 billion euros
with 16%).
generated by the EU automobile industry come from the US (China ranks second
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