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Chinese and US flags walk next to Bund, the U.S. Trade Delegation encounters its Chinese members in Shanghai, China, 30 July 2019.
Aly Song | Reuters
Beijing – China “firmly ignores” US additional tariffs will take on Chinese goods and counterpoints, The Ministry of Trade stated on Tuesday in a statement.
The USA will “hurt” the US to retire US commercial relations and China, Ministry said in China, translated by CNBC. Before Beijing has warned of counterbalances, but has not yet given any details.
After the first round of new US rates in February, including Chinese revenge measures Collect duties about some US energy imports and the two companies in the US list of non-trusted entities, which can limit the ability to do business in Asian country.
The White House has confirmed that new 10% of Chinese goods are set to put into force on Tuesday.
Therefore, the effective US rate rate will start to 33%, from 13% in January before the President Donald Trump, according to the estimates of Nomura’s China Economist Ting Lu Lu.
The global state of the Chinese state reported on Monday, referring to a source, Beijing Considering revenge rates on US agricultural products.
Exports of US agricultural products, such as China to China, exported to China’s largest exported fee by 1.2%, or $ 22.3 billion, from 2023 to Allianz research study.
Oil and gas served a second in 1%, or 19.3 trillion dollars showed research. Pharmacies are third classified by 0.8% or 15.6 per cent.
On Tuesday China also holds a meeting of the annual parliament known as “two session”.
The politicians are set on Wednesday the gross target of the annual product and Annual fiscal stimuli.
