A deeper look at the hassle between us and China

Whew! The room neighbors, the word « tariffs » occupies headlines on news and content sites. All because the US and China, in particular, were experiencing trade power. But what increases all this percentage actually mean, especially for the American people? And where President Donald Trump and Chinese officials stand on the issue. Well, let’s break it all for a closer look!

Related to: Trade War? Canada, Mexico and China avenge Trump’s tariff like this

This week, President Donald Trump has stopped import taxes for a number of other countries. However, he raised tariffs for China, restricted by 145%. On Wednesday, the president said China faces 125% of tariffs, but it did not include a set of 20% of China’s role in Fentanyl’s production.

China clapping on us by increasing tariffs to 125%

Friday (April 11) China announced that raising tariffs by American goods from 84% to 125%, For the Associate Press. This is the last step in the escalation trading war between the two largest economies in the world that has markets and causes fear of global slowing. If you didn’t know we’re talking about beef between In the world # 1 (USA) and No. 2 (China) the economy.

China defeated politics as « economic bullying » and promised to oppose. New tariffs in the US start on Saturday (April 12). In a statement in which he announced these new tariffs, the press secretary of the Ministry of Finance of China put trade turmoil. He said repeated raising tariffs “Be a joke in the history of the world economy«

« However, when the US insists on the China’s interests to continue to significantly violate the interests of China, China will resolutely resist and fight the end, » the press secretary said.

Meanwhile, the Ministry of Commerce in China has stated that there would be another claim to the World Trade Organization against the US tariffs.

« There are no winners in the tariff war, » Chinese leader Xi Jinping said during a meeting with Spanish Prime Minister Pedro Sanchez. « For over 70 years, China has always relied on itself … And hard work for development, never relying on services with anyone, and not afraid of any unjustified suppression. »

Chinese Foreign Minister Van YI also spoke on Friday. Van Yi said that China is firmly against the tariffs on Trump not only to protect its own rights and interests, but also in « Keep the common interests of the international community to ensure that humanity is not involved in the jungle world where it can do properly. » Van also said China would be « Work with other countries to jointly withstand all the retrosive actions in the world. »

What and who will affect this turmoil?

Chinese tariffs will affect goods such as soy, planes and their parts, as well as drugs that include the country’s main imports from the United States

Last week, Beijing from some US companies from some US companies from some US companies by US companies by US companies. It also increased its export control on mineral rare land that are important for different technologies.

The best United States imports from China includes electronics such as computers and cell phones, industrial equipment and toys. 145% of Trump tariffs in China mean that consumers and businesses are likely to see that prices are rising on these products.

White House representatives hope import taxes will create more production jobs by returning production to the United States. However, some experts say it is a politically risky compromise that may take years or never happen.