Focused on trade and tariff warfare, the Governments of China and the United States announced the list of products of their economic exchange that will be taxed within the framework of actions and reactions that hit the stock exchanges and currencies of all the world.
The measure taken by the US would reach tariffs of 300 billion dollars in laptops, saw blades, turbine parts, tuna and garlic. President Donald Trump threatened the Asian Giant with incorporating 25% punitive tax on all Chinese products exported to the American Union .
China is not afraid
In retaliation, China announced on Monday tariffs ranging from 5 to 25% in many US products that would reach $60 billion, causing a collapse in Wall Street. The Ministry of Finance of China commented on batteries , spinach and coffee as the main products being affected.
Donald Trump reported that during the fourteenth meeting of the Group of 20 (G-20) he will meet privately with his Chinese counterpart Xi Jinping to address this and other pending issues on the agenda. The appointment of this international summit is June 28 and 29 in the city of Osaka, Japan.
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