China raises the slogan “Resistance Together” to counter American customs duties

China announced today, Friday, to raise its additional fees on American products to 125%.
This is in a new escalation in the United States, while the European Union, for its part, is trying to find a diplomatic path.

The trade war between China and America

“The United States imposing unnaturally expensive customs duties on China is a threat to”.
It denounced the “unilateral intimidation and coercion policy”, according to a statement published by the Chinese Ministry of Finance on Friday.
“At this level of customs duties, American products exported to China no longer have any possibility to accept it in the Chinese market,” noting that if Washington continues to increase its fees, “China will ignore it.”

American customs duties policy

US President Donald Trump promised today, Friday, that his policy on customs duties “is well afflicted”, despite the turmoil in global markets and the dollar fell against other currencies.
“We are well caused in our policy on the acquaintances.” (News) is happy for America and the world! Continues quickly. “
The foggy scene caused by Trump’s policies continues to influence the dollar exchange rate, which reached Friday to the lowest level against the euro in more than three years.

European stock exchanges were affected by customs duties

The European stock exchanges that were the only steadfast, on Thursday, returned to retreat after Beijing’s announcement, but without recording the collapse witnessed at the beginning of the week.
On the other hand, the electronic exchanges that preceded the official opening of the Stock Exchange in New York showed that the main indicators in Wall Street will witness a rise on Friday.
On Wednesday, Trump announced the freezing of additional customs duties for a period of 90 days after it imposed it a few days ago on 60 commercial partners of the United States, until trade negotiations with these parties. However, the American president excluded China from this measure and increased fees.

“Resistance together”

Since in early April, the United States has maintained additional customs duties at a lower level is 10%, and additional customs fees by 25% on steel, aluminum and cars, especially against the European Union.
As for Beijing, Washington imposed a huge additional fee of 145%, and during his reception today, Friday, Spanish Prime Minister Pedro Sanchez, Chinese President Xi Jinping called on the European Union to “resist together” to confront the trade war launched by Donald Trump.
“China and the European Union should assume their international responsibilities, protect economic globalization and the global trade environment jointly, and resist any unilateral coercion,” said Xi Jinping in Beijing.