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Trade dispute United States and China : Trump moves new punitive tariffs against China

In the trade conflict between the USA and China has moved to the US President, Donald Trump set a deadline to increase the U.S. punitive tariffs on Chinese impo

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Trade dispute United States and China : Trump moves new punitive tariffs against China

In the trade conflict between the USA and China has moved to the US President, Donald Trump set a deadline to increase the U.S. punitive tariffs on Chinese imports. The Trump announced on Sunday evening (local time) on Twitter.

at the same time, he was a summit with Chinese President Xi Jinping in view, there should be additional progress in the talks. According to him, the Meeting in his Club Mar-a-Lago could take place in Florida. "A very good weekend for the United States and China," concluded Trump his Tweet. For more information on the extension of the deadline, he made it.

Also, China gave a positive assessment of the previous talks in the trade dispute. In the case of the Central points of contention, such as technology transfer, the protection of intellectual property and exchange rates, significant progress has been made "on", reported the official news Agency Xinhua on Monday.

1. March is supposed to stand a 90-day "truce", both sides at the G20 summit had agreed at the beginning of December in Argentina. The United States had threatened a further escalation in the conflict, it should be by then no agreement is reached: a further increase in U.S. special duties on Chinese imports to the value of $ 200 billion from the current 10 to 25 percent.

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negotiators of China and the United States had negotiated in the past few days in Washington and, according to trump's words, "significant progress" in trade talks. On Friday received the US President and the Chinese Vice Prime Minister Liu He in the White house and spoke of a "very good Chance to make a Deal." The White house had declared that the time for the 1. March did not hold water.

Both countries had delivered on months of an unprecedented trade dispute. The US has imposed special duties on Goods from China worth more than 250 billion euros. China responded with retaliatory tariffs.

The United States demand more market access in China, a reduction in the US trade deficit, as well as a better protection against piracy, and forced technology transfer for operating in China are US companies. Washington wants to force Beijing to operate structural Changes in its state.

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experts believe that the dispute economies to a lower growth in the two economies and therefore also negative effects on the world economy as a whole. (dpa)

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