- Tweeter
republish
The US president announced on Thursday August 1 on Twitter that from September 1, Washington will overtax a new $ 300 billion list of additional Chinese products. What to fan the trade war.
With our correspondent in Washington, Pierre-Yves Dugua
Donald Trump chooses the path of escalation in the trade war with China. In a series of tweets, the US president said Thursday that his administration would inflict, from September 1, " small additional tariffs of 10% on the $ 300 billion " Chinese imports hitherto spared.
... during the talks the US will start, on September 1st, putting a small additional Billion Dollars of goods and products coming from China into our Country. This Billions Dollars already Tariffed at 25% ...
Donald J. Trump (@realDonaldTrump) August 1, 2019An announcement that amounts to saying that all Chinese imports will be subject to a surcharge. The first $ 250 billion of Chinese products were primarily industrial. They have already been overtaxed since September 2018 by 25%. The new list of 300 billion to be targeted from 1 September will cover by definition the rest, that is to say consumer products, electronic, such as televisions and mobile phones. But also clothes and shoes.
►To read more: [Infographic] China-US trade war in five episodes
Donald Trump accuses Beijing of not having kept its promise to purchase US agricultural commodities. And for the first time, he personally accuses his counterpart Xi Jinping of not keeping his promise to block the influx of Chinese opiates to the United States.
Markets worried
The business community is alarmed because they doubt that Beijing agrees to continue to negotiate if these new sanctions are imposed. The scenario of a long trade war that extends at least until the US elections of November 2020 becomes credible.
Global growth will suffer, which explains the sharp drop in oil prices since the announcement of the White House.