Moscow (Sputnik) – US President Donald trump said that he believes that Beijing will remove trade barriers as “it is right.”
“[Chinese] President XI [Jinping] and I will always be friends, no matter what happens with our dispute on trade. China will remove their trade barriers, because it is right. Taxes will be mutual and the deal will be carried out on intellectual property. Great future for both countries!” Trump said, wrote on Twitter.
In recent weeks, relations between China and the United States was marred by tensions in trade. Earlier this week, trump threatened to impose duties against China worth up to $ 150 billion annually. Beijing has threatened to retaliate. The US stock market performs poorly recently on fears of a trade war between the two biggest economies in the world.
In March, trump signed a decree on the introduction of a 25-percent tariff on steel imports and a 10-percent tariff on imported aluminum, the subsequent issue a Memorandum to introduce 60 additional tariffs on China billions of dollars in connection with allegations of theft of intellectual property. The white house said that the tariffs are designed to compensate for the advantages that Beijing gained through their unfair trade practices. In turn, the Ministry of Commerce of China introduced new import tariffs on American goods 128.
In response, China imposed tariffs on goods produced in the United States. The two also said that they can impose new restrictions with respect to each other.
Sourse: sputniknews.com
