China calls us to “cancel” import taxes


Chinese officials call on US President Donald Trump to “completely” cancel his so-called reciprocal tariffs, as the trade war between the two largest economies in the world is grinding.

This week, Trump has announced a 90-day break for numerous global tariffs he has planned but increased Chinese imports to 145%.

“We urge the United States to take a big step to correct its mistakes, completely cancel the wrong practice of” reciprocal tariffs “and to return to the right path of mutual respect,” said China's Ministry of Trade.

The Trump administration seemed ready to propose a concession on Friday, announcing that some electronic products – including those manufactured in China – would be released.

But the US secretary of trade Howard Luni told ABC News on Sunday that such exceptions would only be temporary.

He said the administration had planned to impose such taxes in a separate “semiconductor tariff”, which he said would be announced on a later date.

“We need to have these things done in America,” Luni said.

President Trump has joined social media, saying that there is no release from these products and called similar reports false. Instead, he said that “they just move to another bucket tariff.

Trump added: “We are looking at semiconductors and the entire electronics supply chain in upcoming national security rates investigations.”

Comments introduce uncertainty about newly announced exceptions from the tariffs for technology products such as smartphones, computers and semiconductors.

The Chinese Ministry of Trade called the exceptions a “small step” from the United States and said Beijing “evaluates the impact” of this move.

But the proposal of Trump administration employees for future tax plans may suppress the hope of thawing in the protectionist pose of the two rivals.

US sales representative Jamison Greer was asked on Sunday if there were plans Trump to talk to his Chinese counterpart Jinping.

“We have no plans for this at the moment,” he said during the appearance of CBS's face of the nation.

Trump imposed a tariff of 54% of the import of products from China in early April, before escalating to the current 145% rate.

In its own tariffs for TIT-ZA-TA, China imposes 34%levies on goods in the United States before increasing it to 84%and then 125%, which came into force on Saturday.

In the announcement of its last rates, the Chinese Ministry of Trade said last week that it will “fight to the end” if the US “insists on provoking a Tariff War or Commercial War.”

Late on Saturday while traveling to Miami, Florida, Trump said he would give more details about the exceptions early next week.

The White House claims to use tariffs as a tactic to negotiate more favorable commercial conditions from other countries.

Trump said his policy would eliminate injustice in the global trading system, as well as return jobs and factories back to the United States.

However, its interventions are observed massive fluctuations in the stock market and have caused concerns of a reduction in global trade that could have an effect on jobs and individual economies.



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