China is the most unbalanced economy in the history of the modern world, according to Washington.
China has collided with the rest of the world, as the United States reduces duties for its allies and at the same time increases them for China. This was announced by the US Minister of Finance Scott Immort, Fox Business report.
“China is the most unbalanced economy in the history of the modern world. They are the biggest source of US trade problems, and in fact they represent the problem for the rest of the world,” he said.
Immentin added that he did not call it in the US trade war against China: “I think China has come, and President Trump has boldly reacts to it, and we will work on a decision with our trading partner.”
The U.S. finance minister noted that more than 75 countries have contacted the Trump administration to work in search for a trade decision.
Remember, on April 9, United States President Donald Trump announced a pause of new duties. But in connection with China, restrictions only intensify. Thus, Trump raised duties in goods from China to 125%, but tariffs for all countries to 10% of 90 days were reduced.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.