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Your email address will not be published.

Conservation
UN finally at the point where progress and agreements can be finalized to protect the oceans.

https://elsiglo-com-pa.translate.goog/internacional/entra-recta-final-para-lograr-tratado-proteja-oceanos/24207311?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc&_x_tr_sch=http After four previous rounds and two years of delays due to the pandemic, it is expected that over the next two weeks the governments will finally agree Countries around the world began this Monday the last round of negotiations for an international treaty to protect the high seas with …

Crime
Bullshit Politics of the Week: Makes for a Big Headline

https://www-laestrella-com-pa.translate.goog/internacional/america/220810/colombia-reconoce-fracaso-politicas-eeuu-luchar-narcotrafico?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc The new Colombian ambassador to the United States, Luis Gilberto Murillo, has called for a paradigm shift with regard to the joint fight between Washington and Bogotá against drugs, since so far not only has it not worked, but it has also come to be a “failure”. Murillo has …

International Relations
International CHESS: China responds to Pelosi visit to Taiwan with Massive show of MILITARY FORCE.

https://www-laestrella-com-pa.translate.goog/internacional/america/220804/china-sacude-estrecho-taiwan-practicas-disparo-misiles-alcance?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc Less than 24 hours after the visit to Taiwan of the president of the US Legislature, Nancy Pelosi, China has begun military exercises with live fire around the island, considered by Taipei as a “blockade” and a “violation of their rights”, and which have included the use of long-range …