Saturday , May 21 2022

China and US plan new talks


US Sales Representative, USTR, said on Tuesday, according to Reuters, that the US exempts certain goods from the new 10 percent duty on Chinese goods, which will be introduced from September 1.

The exception is based on health, safety, national security and other factors.

In addition, the imposition of duties on certain goods will be postponed until 15 December. This includes video game consoles, certain toys, mobile phones, computer screens and certain types of clothing and footwear

Terrain between China and the United States has become more active lately. The US Treasury has accused China of manipulating its currency, which triggered strong reactions in China.

A leading Chinese government advisor has accused President Donald Trump of stirring up the conflict between the two countries and subsequently harming the entire global economy. The US central bank is also attacking the US for violating international trade rules.

In April, the US raised tariffs on some Chinese goods from 10 percent to 25 percent.

According to information from On Tuesday, Deputy Prime Minister Lee He is scheduled to speak on the phone with US Trade Representative Robert Lighthouse and Treasury Secretary Steven Mnuchin on the same day.

Source link