World ‘Trade’ War III Is Here: China Sets Tariffs on 128 American Goods. What Will Be Trump’s Answer?

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China imposes tariffs on 128 American goods. This step should be seen as a response to the decision of US administration to raise tariffs on imports of steel and aluminum, CNN reports

Read the details on Nexter.org.

China vs US

China stated that their restrictions are the answer for the actions performed by Trump a month ago: $50 billion worth of Chinese goods.

If US exports become more expensive in China, Chinese buyers will be able to buy goods from Europe, South America or any other place.

China is ready to resolve trade contradictions with the United States on the basis of mutual respect and equality through partnership.

China had earlier advised the United States to refrain from measures that could provoke further deterioration in bilateral trade relations.

SEE ALSO: China Constitution Revolution: Xi Jinping Now Can Rule FOREVER. Will Trump Do the Same?

Source: qazaqtimes.com

Background

Earlier, Donald Trump officially announced that he was imposing a 25%  fee on steel imports and 10% fee on aluminum.

The new fees temporarily exempted Canada and Mexico, which together with the US are parties to the North American Free Trade Agreement (NAFTA). In addition to these two states, Trump said about the possibility of making an exception for Australia and other countries.

The US decision to impose tariffs on steel and aluminum is severely criticized by the EU and China. They promised to take countermeasures.

Recently, China approved the scrapping of president term limits, due to which Xi Jinping has the opportunity to remain ‘president for life.’

Also, China was the first one to meet Kim Jong-Un the last week. Looks like China is getting really serious.

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Summary
Trade War III: China Sets Tariffs on 128 US Exports. What Will Be Trump's Answer?
Title
Trade War III: China Sets Tariffs on 128 US Exports. What Will Be Trump's Answer?
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China imposes tariffs on 128 American goods. This step should be seen as a response to the decision of US administration to raise tariffs on imports of steel and aluminum. 
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