Published: Ср, Июля 04, 2018
Business | By Kate Woods

Chinese Tariffs On US Goods To Take Effect From July 6

Chinese Tariffs On US Goods To Take Effect From July 6

Morici also criticized China's unfair trade practices, including the country's alleged theft of intellectual property.

An anonymous source told Reuters that the United States will implement their tariffs from midnight.

The Commerce Department launched its investigation, on grounds of national security, on 23 May under orders from Trump, who has frequently complained about the EU's 10% vehicle tariff being four times that of the United States, apart from the 25% U.S. levy on pickup trucks.

European Union leaders at a summit in Brussels last week warned that the European Union would respond to all United States actions "of a clear protectionist agenda".

Russian Federation approached the World Trade Organization (WTO) with a request to hold consultations with the United States concerning steel and aluminum duties imposed by Washington, the WTO press service reported on Monday.

Both countries are planning to put a 25 percent duty on £25.78billion ($34billion) worth of products on Friday July 6, but because Beijing is 12 hours ahead of Washington China will be implementing them first.

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"Trump has split the West, and China is seeking to capitalize on that. Now it is attempting to resort to an all-out trade and economic war to hold back China's normal development".

Another official described the dispute between Trump and Western allies at the G7 summit last month as a gift to Beijing because it showed European leaders losing a long-time ally, at least in trade policy.

"The Chinese government's position has been stated many times". "China has already made preparations".

China has promised to open up. Washington is conducting a national security study that could lead to tariffs on imported cars and vehicle parts. China's plans to move rapidly to electric vehicles mean that any new benefits it offers traditional European carmakers will be fleeting.

A USA agency under the Department of Commerce recommended Monday against giving operating licenses to China's largest telecom carrier, citing national security risks posed by the state-run firm. "It's unlikely to mark a systemic change".

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