International News: In a major international development, U.S. President Donald Trump has spoken an spare 100 per cent tariff on Chinese goods, signaling the whence of a new phase in the ongoing trade tensions between the two countries. Pursuit Trump’s decision, China reacted strongly, accusing the United States of raising “double standards.” A spokesperson for China’s Ministry of Commerce tabbed the U.S. move a well-spoken example of unfair trade behavior, saying it goes versus the spirit of well-turned economic cooperation.
'Not the Right Way to Talk to China'
The Ministry of Commerce stated that these deportment have seriously damaged China’s interests and weakened the environment for economic and trade discussions between the two sides. The spokesperson widow that “threatening to impose spare tariffs at every turn is not the right way to engage in talks with China.”
Why Did Trump Take This Step?
It is noteworthy that U.S. President Donald Trump spoken on Friday that he would impose an spare 100 per cent tariff on Chinese goods, constructive from November 1. Trump said this step was taken in response to China’s new restrictions on the export of rare metals. Currently, Chinese goods are subject to a 30 percent U.S. tariff, but without the new tariffs take effect on November 1, the total rate on Chinese goods will rise to approximately 130 per cent.
Trade War Between the Two Nations
After the U.S. visualization to impose an spare 100 per cent tariff, a trade war has reignited between the two countries. China has accused the U.S. of pursuit double standards with this move. Experts warn that if tensions between the world’s two largest economies protract to rise, the impact could be felt on other economies virtually the world as well.
