In a major escalation of the year-old trade conflict that has shaken global stock markets and increased costs for consumers, China’s Commerce MinistryNo specifics were given on what those measures would be.that “escalating the trade conflict is not in the interest of the people in both countries and the world. China deeply regrets the move.”Trade discussions between U.S. President Donald Trump Chinese President Xi Jinping had been going well until, President Trump tweeted about the tariffs.
The grace period was not applied to three previous rounds of tariffs imposed last year on Chinese goods, which had much longer notice periods of at least three weeks before the duties took effect. The biggest Chinese import sector affected by the rate hike is a $US20 billion-plus category of internet modems, routers and other data transmission devices, followed by about $US12 billion worth of printed circuit boards used in a vast array of US-made products.
“Our industry supports more than 18 million US jobs — but raising tariffs will be disastrous,” Shapiro said in a statement. Tariffs will make our Country MUCH STRONGER, not weaker. Just sit back and watch! In the meantime, China should not renegotiate deals with the U.S. at the last minute. This is not the Obama Administration, or the Administration of Sleepy Joe, who let China get away with “murder!”As social media caught wind of the tariff increase, US President Donald Trump took to his own social channels to justify the move and reassure the populace.
realDonaldTrump Good
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