US President Donald Trump admitted that the duties of him in 145% for imports from China are too high, and promised to reduce them.
“We will be very kind. They will be very kind, and let’s see what will happen. But, ultimately, they will have to make a deal, because otherwise they will not be able to deal with the United States,” the head of state said at the event in the oval office.
Trump said that China will ultimately have to conclude a customs agreement with the United States and in Washington are ready for this. “We have good relations with China. I think that we have good relations with almost all countries, everyone wants to have a relationship and conduct business with the United States,” the president said.
Trump emphasized that the duties applied to China will not remain at the level of 145%, but, and the rate, in any case, will not be zero.
“We will be very good at China. We have excellent relations with the President of SI (Jinping). But at the same time they earn billions of dollars a year and increase their armed forces with this money – at the expense of the United States and what they do. So, there will be no more,” the American leader assured.
“Mirror duties” Trump and trade confrontation
On April 2, US President Donald Trump announced the introduction of mirror duties on goods of foreign trading partners of the United States (185 states were included in the list). The minimum basic amount of duties will be 10%, but for a number of countries the duties are calculated individually depending on the trade deficit of the United States with these countries. For China, the duty amounted to 34%, and for the EC-20%countries.
China was the first to react to the US decision on raising duties and announced the introduction of additional duties of 34% in response to similar measures by Washington.
In response, the head of the White House said that if China does not cancel its 34 percent duties, then the United States will introduce additional duties in the amount of 50%.
China responded to Trump’s threat to introduce additional duties, announcing an increase in duties on the US -imported products to 84%.
As a result of trade confrontation between the two US countries, they increased duties for Chinese goods to 145%, and China for American up to 125%.
The Washington administration postponed for 90 days the introduction of additional duties in other countries, duties on China entered into force.