China and US trade impasse keeps on the uptick.

International Relations

China announced on Monday that it will increase its customs duties as of June 1 on $ 60 billion of annual imports of US products, in retaliation for the actions taken by Washington .

Trump advises China not to retaliate against the United States
Customs duties will increase on a set of US products already taxed, up to a maximum rate of 25%, the Office of the Chinese Government’s Tariff Commission announced on its website.

US President Donald Trump approved Friday to increase, as a punitive measure, from 10% to 25% the tariffs that are applied on Chinese products valued at 200 billion dollars.
Trump also ordered to institute a procedure to tax about 300 billion dollars of the remaining imports, thus affecting all products from China that are sold in the United States.
Beijing had promised on several occasions over the past few days that it would take the “necessary retaliatory measures”.
“China will never give in to any external pressure, we have the determination and the ability to defend our legitimate rights and interests,” said Geng Shuang, a spokesman for the Beijing Foreign Ministry on Monday.
“We have said repeatedly: the increase in customs duties will not solve any problem,” he stressed at a press conference, in which he advocated “an agreement for mutual benefit.”
Before the measures announced Monday in Beijing, almost all of the American products were already overcrowded in China.
This affected an amount of 110 billion dollars over an annual total of 120 billion imports from the United States.

 

No Comments

Leave a Reply

Your email address will not be published.

"JB"
US policy on Haitian immigrants carries the waft of racism given the current situation.

OP ED: by “JB”- Before all the REDS freak out, let me clarify. I am NOT in favor of recklessly open borders with anyone being able to enter the US unchecked or undocumented. In the same way I am NOT in favor of it here, and mention DARIEN probably more …

US News of note
EX-PAT NEWS: Just WTF happened in Baltimore with bridge collapse?

Ship passed through Canal two weeks ago with no issues. https://www-laestrella-com-pa.translate.goog/economia/acp-choque-de-barco-en-baltimore-afecta-el-suministro-de-carga-contenerizada-IF6667039?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc The ACP told this media that the cargo that was moving to Baltimore will be moved to other ports on the East Coast The collision of the cargo ship Dali against a pillar of the Francis Scott Key Bridge …

International Relations
Things are BAD when Ortega administration in Nicaragua are being un-supportive.

http://elsiglo.com.pa/panama/panama-nicaragua-enfrentados-martinelli/24247191 The government of Nicaragua alleges that the State of  Panama ‘has the obligation to provide’ all facilities ANSWER.  Panama and Nicaragua maintain a diplomatic dispute that has as its central axis the political asylum granted to former president Ricardo Martinelli. Through a note from the government of Daniel Ortega, the Panamanian government is …