Traditional duties for Chinese goods, according to Donald Trump, will be reduced, but will not be zero.
US president Donald Trump said the duties for Chinese goods will be significantly reduced, but will not be zero. CNN reported it.
“145% is a very high indicator, and it will not be very high. It will not be very high. It will drop. But it will not be zero,” Trump said in a session of questions and answers to journalists at the Oval Office.
The duties of 145% actually introduced the collapse of countries against each other.
According to CNN with a reference to resources, at a private conference organized by JP Morgan Chase, financial minister Scott Immentine said the trade war with China was inevitable, and he expected de -escalation in the near future. Immentine also told investors that the purpose of the trade war with China was to change the trade, and not to stop it.
As you know, China has taken steps to break the major sectors of the American industry, limiting the number of Hollywood films presented in the country, and returning to at least two aircraft intended for the use of Chinese planes in the United States.
Earlier, China suggested that the EU be united against Trump. The total relationship with China’s trade and the EU forms more than one third of the world’s general trade. But then, Beijing called Trump to cancel duties and “right mistakes.”
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.