Who: China has threatened US duties on $60 billion

On Friday, July 3, the Chinese government has warned that it will impose a tax on imports 5 207 American goods in the amount of from 5 to 25% of their value. The total fees will amount to $60 billion. This will be the case if the property is trump’s promise will settle for the goods imported from China, tax, totaling $200 billion.

This time, a trade war will affect meat, coffee, nuts, alcoholic beverages, minerals, chemicals, leather and wood, furniture, cars and spare parts to them — only about 38% of American exports, which is estimated at $170 billion.

«Breaking the consensus that was reached after several stages of negotiations, the United States again unilaterally escalated trade friction,» reads the statement of the Tariff Commission under the State Council of China.

In turn, the press Secretary of the White house Sarah Sanders stated that, «instead of taking retaliatory measures, China would be better to consider the old comments over its unfair trade practices.»

The tension in trade relations between the two countries is growing from April 2017, when the President , Donald trump has instructed the Ministry of Commerce to study the question of whether it undermines the import of steel and aluminum from China and other countries national security. The results of the study in March it was decided to introduce duties on imports of these metals. Then Beijing responded by increasing the tax on the importation of a number of food products from the United States.

The turnover of goods and services between the United States and China is about $650 billion a year. It is the largest volume of trade between the two countries in the world. However, China sells much more than buys, so take retaliatory economic sanctions her harder.

Another «attack» the administration trump did this week, announcing a tax increase next batch of imports from China. Earlier, the White house asked the Office of the U.S. Trade representative (United States Trade Representative) with a request to impose Chinese goods 10% duty with a total value of $200 billion.

Meanwhile, the tightening of America’s international trade policy has caused reaction and its other large partners. So, Canada, Mexico and the European Union said it will impose retaliatory duties on imports from the United States.

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