China celebrates the exception of US tariffs for some technical products and ask them to be completely canceled | National and international economy
“This is a small step in the right direction.” Thus the Chinese government responded to the United States decision Some technical products are excluded from commercial tariffs. However, the executive representatives insisted that Washington had to identify the error that considered these actions and went to their full cancellation.
After the publication of Chinese ads, the US Customs and Border Protection Office (who is responsible for collecting levies on the country imported goods), including a range of technical products Mobile phones, personal computers, Both microphoric and other required electronic components, special tariff of Chinese imports, as well as 10% base tariff applicable to other countries are excluded.
From Beijing, the Ministry of Commerce is worth this decision Partial correcting of trade policy “Incorrect and negative productivity.” “We assess the scope of the economic impact of these exceptions and the v muzzle, but in any case, we think that it is a limited step to the correction of the wrong practice,” an official spokesperson said.
China has repeatedly criticized the tariff policy encouraged by the previous US Administration – before Donald Trump – in the framework of trade war. According to the Chinese government, this strategy failed to solve the internal problems of the United States and caused significant distortions in global trade. “These actions have severely damaged the international economic order, interfering with the general performance of companies, affected by consumers and harming third countries,” Beijing said.
In this case, Chinese authorities have called Washington to “listen to internal and international rational voices”, which has argued for a conversation as a dispute solution. Beijing claims to be with the White House This time duration is with a more decisive step: Elimination of the amount of excess tariffs. This statement is concluded, “This is the only way to resume the way of mutual respect and understanding based on equality and dialogue.”
Last week, commercial hostility between Beijing and Washington has increased, imposed on an increasing number of mutual tariffs, as a result of China’s imported US products and the United States imported Chinese to 145% US products.
In addition to smartphones, laptops, hard drives or processors, machines used to make semiconductors are also excluded from tariffs. For China, this exception is the measurement relief. Since US companies like Apple or Nvidia are also making their equipment in Asian country, and tariff punishments have threatened to get the final prices for consumers.
