China imposes additional duties on the import of American items with a volume of 75 billion dollars a year.

Fees 5 078 items will take effect at midnight Beijing time 1 November fifteen and December, respectively.

The move is a response to the decision of the capital of the United States to impose duties of 10% on the import of Chinese items 300 billion dollars in the same day.

"The erroneous actions of the US have led to a further escalation of economic and trade frictions, seriously undermining the desires of not only China and the United States, but around the world," - said in a release.

in addition to this, Beijing will again impose additional duties of 25% and 5% for American cars and accessories, said the Ministry of Finance of the Republic.

The trade confrontation between China and the United States continues with the previous summer, when Washington decided to impose duties of 25% on imports 818 kinds of Chinese items with a total volume of 34 billion dollars per year. The Chinese side retorted mirror.

at the end of may after the eleventh round of consultations, the parties announced the introduction of mutual trade taxes: U.S. on Chinese imports of $ 200 billion, China more than 5 thousand American subjects 60 billion.

The latest twelfth round of U.S.-China talks ended inconclusively at the end of July.

in anticipation of the August head of the United States Donald trump has promised to introduce fresh tariffs from September 1, but noticed that they did not spread to the goods from China price $ 250 billion, which are already operating duty 25%.

in response, the record China lowered the yuan against the dollar, then the U.S. Treasury Department criticized the prosecution of the Chinese government of trying " to manipulate foreign money."

on the first day of the week, August 12, analysts at investment Bank Goldman Sachs predicted the U.S. economy recession due to trade wars with China, and downgraded its forecast of increase of the American economy by 20 basis points to 1.8%.

On Tuesday, August 13, it was announced that Washington was postponed until fifteen December, the introduction announced by the trump of duties, such as Chinese smartphones and laptops.

Trump has linked these measures with reluctance to hurt the American consumer at the beginning of the Christmas shopping.

The head of the White house expressed hope on fulfillment of China commitments to purchase U.S. agricultural products.



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sections: Politics