Open trading account
China has already released, as it had threatened, a list of US goods valued at 60 billion dollars that will be the next target if the US advances with the increase of customs fees. At stake is the increase of 10% to 25% of the tariffs that the Trump administration could impose on a total 200 billion dollars of Chinese goods.The implementation of this new retaliation depends on what the administration led by Donald Trump will do. In a statement quoted by Bloomberg, the Chinese Ministry of Finance says that the date on which these new tariffs will be implemented is conditioned by Trump's shares. For the Chinese authorities, the effective way to resolve the conflict is through "fair negotiations based on mutual respect".
