
China warns Trump of definitions, threatening revenge on supply chain deals
China warned the Trump administration on Tuesday against reformulating trade tension by restoring the customs tariff for its goods next month, and threatened revenge on the countries that deal with the United States to cut China from supply chains.
Washington and Beijing agreed to a trade framework in June that restored a fragile truce, but with many unclear details, traders and investors are monitored on both sides of the Pacific to see if it will lead to collapse or lead to permanent materials.
On Monday, President Donald Trump began notifying trade partners of the high US tariffs from August 1, after all his duties in most countries in most countries were delayed to give time to conclude deals with the world’s largest economy.
China, which was initially identified with a tariff exceeding 100 %, has until August 12 to reach an agreement with the White House to prevent Trump from re -restrictions of the additional import imposed during the exchange of customs tariffs in April and May.
“One of the conclusion is very clear: dialogue and cooperation are the only correct path,” said the official daily in the comment, in reference to exchanges in the current round of the trading tension of Chinese trade and the United States.
The article was signed “Zhong Sheng”, or “Voice of China”, a term used by the paper to express views on foreign policy.
The paper added, “Beijing’s view is that Trump’s tariff reaches” bullying “,” The practice has proven that by adhering firmly from initial situations, one can really protect legitimate rights and interests. “
These statements paved the way for another round of the tariff war if Trump sticks to what the official fees of the ruling Communist Party said that it is “the so -called” deadline “.
The Peterson International Economy Institute said that the average American tariff for Chinese exports is now 51.1 %, while the Chinese medium duty on American goods is 32.6 %, with both sides covered all their trade.
The paper also took criticism in the regional economies that are studying the decrease in customs tariffs with the United States, which cut China from their supply chains.
Last week, Vietnam obtained a decrease in customs tariff to 20 % of 46 % with a “transfer” merchandise deal, which usually arises from China, to be subject to a 40 % tax.
The newspaper said: “China strongly opposes any side that highlights a deal that sacrifices Chinese interests in exchange for the concessions of the customs tariff.”
“If such a situation arises, China will not accept it and will firmly respond to protecting its legitimate interests.”
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