The trade war between the USA and China. Who's going to win?

The trade war between the USA and China. 

Who's going to win?

"President Donald Trump has approved customs duties on Chinese imports worth approximately 50 billion. The United States confirmed the information on June 15. A series of Chinese products will be imposed on tariffs of 25%, including a portion from July 6, said the U.S. trade representative.

China has not taken a long time to react. "Beijing Counterattack!

China was going to apply customs duties of a similar magnitude (25% more) on US $50 billion million in U.S. imports. In particular, the American agricultural sector (soybeans, beef) is targeted, as is the automobile. These new rights will come into force from 6 July.

On the Chinese import side in the United States, the products covered by the US tariffs come from a wide range of sectors: aeronautics, automotive, information and communication technology, robotics, industrial machinery, Among other things. A list of 818 types of Chinese import products, valued at 34 billion, will be taxed effective 6 July. The 284 other products, valued at 16 billion, will be later affected by the U.S. customs duties.

Commercial warfare more than ever today

"My great friendship with Chinese president Xi and our country's relationship with China are both very important to me," Donald Trump said. While adding:

The trade between our two nations is, however, inequitable, and for a very long time. This situation is no longer tenable. "

Article translated from: Https://www.courrierinternational.com/article/commerce-trump-frappe-la-chine-contre-attaque