Years
A spokesman for the Ministry of Chinese Commerce said that the situation in China is clear, he said that if America wants to negotiate, our door is open, but the conversation should be on the basis of mutual respect and equality.
China reacted to US President Donald Trump’s decision to increase the fee on Beijing to 125 percent and keep it out of the 90-day tariff halt. China said that he does not want confrontation. In a statement, a spokesman for the Ministry of Chinese Commerce said that the situation in China is clear, he said that if America wants to talk, our door is open, but the conversation should be on the basis of mutual respect and equality. He also said that pressure, threats and blackmail are not the right way to deal with China and warned that Beijing would not back down if Washington is adamant on its way.
US President Trump said that more than 75 countries have called American representatives and these countries have not retaliated against the US in any way on my strong suggestion, so I have authorized the 90 -day stop. He said, this break on tariffs will give time to interact on new business agreements. At the same time, Treasury Secretary Scott Besent said that the rate for countries desirous of interacting with the US would be reduced to 10%, including Canada and Mexico. He also said that the reciperochl tariff would be 10% during the 90 -day break. This will also be applicable with immediate effect.
On China’s retaliation, Trump has announced to increase the tariff from 104% to 125%. He also said that they are increasing American tariffs on China, as they are working on preparing Beijing for conversation. Explain that China had also approved a proposal of tariff on US products worth $ 23 billion (Rs 1.8 lakh crore) to 27 member countries of 27 member countries of America (European Union).
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