Now we discus about the snap shot of china and US trade war. The united states import Chinese products in recently the budget is around about $112bn in this budget the US is import like shoes, nappies and food.
The very common trade war between United states and the china. These two country is most power full country due to his economy and his strength of his trade.
Recently the president of the Unites states is moved to first phase of latest plan of the Donald trump is 15% duties in 300$ bn of chines import products by the end of this year. On other hand china also respond to the Donald trump Beijing began to introduce measures targeting 75$bn worth of united states things.
The first time the crude oil hit the trade war between these two world largest countries like United states and the China. The china capital (Beijing) has steadily rejected that it engages in unfair trade practices, and respond with the custom duty in extensive range of United state products.
The united states manufacturing sector hardest consumer the endure the most affective fresh custom duties on the products for example show here, like Nappies, Dishwashers, shoes, clothes, food, look likes its 122-page list or the products of eligible products.
The end of the year the unites states place on almost all things that the US buys every year from the china. According to the Katheryn Russ from the University of the California says that about the average household’s annual spend is near about the add up to $800.
The president of united states Mr. Donald trump most of the time says that on the argued that the china pays for his duties, but the most of the United states companies disproved the that claim of the Donald trump.
The most of the footwear company its almost 200 company including Nike and converse all these company said that the custom duties would add to current tax of up to 67% on some shoes, dynamic up costs for users by 4bn every year.
For all these point of trade war between united states and the china by this trade war the next most horrible situation of the economy. And also Mr. Donald trump said that the trade teams of the china and the united states are continuing to talking about the meeting in September.15 December china also will roll out customer duties around about 3,000 more US products.