It is in response to the latest retaliatory measures announced by China that the US president would have recently, and very awkwardly, threatened Beijing to impose $100 billion in new customs taxes on Chinese imports.
Needless to say, the prospect of a well-founded trade conflict is of great concern to investors, and stock prices have clearly and already begun to suffer.
“I asked the Ministry of Commerce to consider whether an additional $100 billion in tariffs would be adjusted under Article 301 (on intellectual property) and, in this case, to identify the products on which they could be taxed,” the US president said in a statement.
In response to the threats of the great Satan, Beijing would have strategically replicated the threat by listing a series of US products such as soy, automotive, and aerospace, for an amount equivalent to the first measures announced by Washington; $50 billion.
“If the United States ignores the opposition of China and the international community and persists in their unilateral and protectionist measures, China is ready to go all the way, whatever the price” indicated the Chinese Ministry of Commerce in a statement posted on its website.
For its part, the American Association of Soybean Producers (ASA) quickly expressed concern over this confrontation, and urged the White House to question the rates that led to this escalation. The first American car manufacturer, General Motors, has meanwhile invite the two countries to move towards a constructive dialogue.
Is this trade war between the United States and China likely to result in a much more serious conflict?
Be that as it may, the Anti-Zionist Party notes with concern that the shadow of this trade war continues to spread very gradually, and that the spotlight on the precise decisions taken by each of the parties is becoming more and more expected.
It is clear that in the United States, tariffs are worrying, and prices are rising …
According to a report by the Federal Reserve, the concerned would be worried about the trade tariff war started by the Trump administration. The next meeting of the Fed on May 1st and 2nd should allow us to see more clearly.