a Long time they had waited in Beijing. On Monday morning, no message. Noon: still nothing. So slowly the first employees in the ministries have been somewhat erratic. "We respond, or we bend this time?", were even asked foreign visitors a little perplexed. Sure, many officials were no longer apparently. So far, the Chinese leadership had replied to new punitive duties from the United States, usually within a few hours, this time, however, radio silence for three days.
it was Only when the night fell in Beijing, and on the other side of the globe, in the White house in Washington, the morning Twitter rants have been set in motion, pushed somebody in the apparatus on "Send". The recipient, US President Donald Trump , was finally awake.
now Comes the last attempt?
In Chinese and English, announced the authorities on a government website, China import duties on nearly 2,500 U.S. products worth a total of $ 60 billion to 1. June to up to 25 percent raises. On the other, Were also criminal to be charged taxes, but with lower rates. The "adjustment" was a "response to the US unilateralism and trade protectionism", informed the authorities in Beijing. China hope that the United States returned in the sense of mutual respect for bilateral economic cooperation.
In the night of Friday, the United States had the raising of their special duties on imports from China to the value of $ 200 billion. The customs duties increased from ten to 25 per cent. At the latest since then, the trade conflict between the two largest economies in the world become a more open trade war. The Dow-Jones Index of New York stock exchange slumped on Monday after the start of trading, the prompt 400 points.
Noteworthy to Beijing's counterattack, however, is that the Chinese duties are to occur in less than three weeks. Apparently, the leadership of the country to have the opportunity for a last attempt at Negotiation open. Previously, China's answer had been always immediately – for example, last spring, when the confrontation began. First of all, it was three billion dollars – hardly the United States had promulgated the duties, moved to China. Then 34 billion and 16 billion dollars.
In September imposed a Trump for more taxes, ten percent on Chinese Goods to the value of $ 200 billion. Since Beijing was not able to keep up: China imported last only goods for a good 120 billion dollars from the United States. You responded, therefore, with the new duties on those Goods to the value of 60 billion dollars on the soon-to-be up to 25 percent should be due.
Trump leads own suggestion to the point of absurdity
to exercise Immediately prior to the announcement of the decision Trump had warned even before that, in retaliation for the new US duties. If the people's Republic hit back, "everything will only get worse," he wrote on Twitter. Already, companies from China moved approximately to Vietnam to escape the American criminal charges. This Trend will continue as long as, "until no one is left in China that can do business". He could state and party chief Xi Jinping "and a lot of friends in China, my" therefore, only to close immediately a trade agreement with the United States.
With his remarks, Trump leads, however, his own suggestion to the point of absurdity, the high US trade balance deficit: Should shift their production from China to Vietnam, is decreasing, although the U.S. deficit with the people's Republic. The balance sheet is deteriorating but compared to Vietnam. The bottom line is nothing is improved for the USA.
Trump objected also against criticism in his own country, the US tariffs on Chinese goods deliveries would have to be paid for by the American consumers. Right is rather, that the large remain a part of the costs of the Chinese exporters depend. The criminal charges have also contributed significantly to the economic growth of the United States had failed in the first quarter of 2019, with 3.2 per cent higher than expected.
" the President will pay "" Some get it easy. Almost all of the Economists that have commented in the last few weeks to the effects of the U.S. duties, hold such claims Trumps, however, is wrong. Even Larry Kudlow, the chief economic adviser to the President, had admitted at the weekend that a considerable part of the cost of the end customer must be worn. "Both sides," said Kudlow in Trumps preferred television channel Fox News. The huge advantages of an economic Opening up of China would, however, want to force Trump with his duties.
the statement of The President that China is the only one to bear the brunt of the duties, it would only make sense if the United States have bought products in the people's Republic of immediately to other countries. But this is – at least in the short to medium term – not possible at all. The furniture shops in the United States, roughly obtain around half of their import goods from China, a rapid exchange of the provider comes into question only because of the sheer amount of orders.
Rather, it used to be so that the US seller of Chinese products increased after the introduction of a duty easy prices, and the dismissing of the extra cost to the consumer. Washing machines, for example, on the Trump for over a year, tariffs were on average twelve percent more expensive to increase in the Rest of those that were manufactured in the United States, because the American producers did not decide to miss the opportunity, in turn, prices. Mounts will be in the next few weeks of everyday life increases. (Editorial Tamedia)
Created: 13.05.2019, 20:44 PM