Date: 2 weeks ago   Category: Economy

Trump said that if the USA and China do not conclude the trade agreement, the American side will introduce duties on the Chinese goods on $325 billion

If the trade agreement between the USA and China is not signed, the American side will introduce the next duties on the Chinese goods on the sum of $325 billion. It was said by the American president Donald Trump at a press conference with the Polish colleague Andrzej Duda in the White House on June 12, the transcript of his speech was published by the press service of the White House.

"At us remained to $325 billion more. And if we do not conclude the bargain, we are going to establish duties and on them too... I would like to conclude the bargain, but we will look what will occur", - Trump said.

It noted that the USA receives "billions of dollars" which were not received earlier from new duties.

"Huge money flow in our treasury", - the American president told.

according to him, China subsidizes the companies therefore in China duties were not reflected in the American enterprises.

"Now a problem for China is that many companies leave this country because they do not want to pay duties. But we are fine. And I think - I have a feeling that we are going to conclude the bargain with China because I really do not believe that China wants to continue a problem which to himself created", - Trump said.

of the Relation of the USA and China in the trade sphere worsened when in the summer of 2018 the U.S. President Donald Trump declared introduction for China of customs duty of 25% for goods worth $50 billion China introduced the same reciprocal duties on import of goods from the United States.

at the end of September came into force import duties of the USA for the Chinese goods worth $200 billion. It was said in Trump's statement that until the end of the year the rate of duties will make 10%, and since January 1, 2019 - 25%. Then the American president delayed introduction of this tariff. China introduced reciprocal duties of 5% and 10% for goods from the USA worth $60 billion

at the end of December, 2018 the The Wall Street Journal newspaper reported that the USA and China get to detailed work on the trade agreement. on February 24, 2019 the American president informed

on "significant progress" in trade negotiations with China on a number of questions, in particular on protection of intellectual property, transfer of technologies, agriculture. On March 14 Trump said that the USA does not hurry to conclude the trade agreement with China yet though negotiations go well.

on May 5 the U.S. President reported that negotiations go too slowly and on May 10 the USA will lift taxes on goods of the Chinese export with a total cost of $200 billion on 10% to 25%.

on May 10 the U.S. President charged to prepare duties practically for all import of goods from China.

In response to introduction of duties the American side China since June 1 the Managing director of the International Monetary Fund Christine Lagarde introduced new duties on goods from the USA for the total amount of $60 billion
said that the trade dispute between the USA and China is one of factors which can lead to decrease in world GDP in 2020.



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