Chinese officials are discussing the cancellation of 125% customs duties on some American products, Bloomberg reports, citing its own sources. According to the source, we are talking about medical equipment and some industrial chemicals.
It is noted that Beijing considers that Beijing considers the economic expenses of the trade war, which have negatively affected the Chinese industry. Journalists noted that similar methods were used in the United States. Thus, they refused customs duties on Chinese electronics.
Earlier, US President Donald Trump announced that the United States would reduce customs duties on goods imported from China. In this case, the tariff rate will not be zero, he clarified.
Earlier, the Chinese authorities decided to limit exports of rare land metals and magnets, which could have a negative impact on the supplies of the United States. American industries such as cars, aviations and semiconductor production can be hit.
At the same time, China's Minister of Foreign Affairs Van Ventao believes that the economies of developing countries will suffer huge damage due to commercial customs duties set by the United States. These states can face a humanitarian crisis, he concluded.
Translation of: Euromedia24.com
