Washington and Beijing agree to reduce some punitive tariffs
In Washington and Beijing, new duties and China exchanged the lists of the listed list was presented a few hours after Washington published a list of 1300 Chinese goods on which protective duties can be introduced. The list was prepared on the instructions of the US President Donald Trump, which was signed by the Memorandum on the introduction of a complex of measures against dishonest, according to Washington, trade practices of the PRC.
How Russia and China together compete in the WTO with American duties
The list includes electronics, parts of aircraft, satellites, medicines, equipment and some consumer goods, last year the import of these positions from China exceeded $ 50 billion. However, this list is still only preliminary – for two months there will be public hearings, following which the final list will be formed. According to the US Market Representative Robert Lighthaiser, the list included products that have a minimal negative impact on the US economy.
Earlier in Beijing also announced a response to import duties from the United States, which should compensate for losses from restrictions entered by Washington to import steel and aluminum. New duties in the amount of 15-25%, valid from March 2, touched on mostly food products – pork, fruit, wine. While the amount of imports falling under duties is $ 3 billion, which is equivalent to the volume of the loss of Chinese exporters from the restrictions introduced by the USA to the import of metals.