US President Donald Trump said that Chinese President Xi Jinping called him in the middle of a trade war between Washington and Beijing. Trump’s comments come when news says that China “quietly” returns some of its tariffs to the US.
China and the US have been on Loggerheads since April 2, when Donald Trump announced 34 % retaliatory tariff on Beijing. In response, Beijing also increased American tariffs to 34 percent. This was followed by a trade war, and now US goods imported to China face 125 % taxation, while Chinese goods imported to the US have 145 % of fees.
China reduces tariffs to semiconductors
According to the CNN report, China seems to have rewarded 125 % retaliation to “some semiconductors produced in the US”.
Details accessible CNN from three import agencies in the Shenzhen Technology Center, reportedly showed integrated circuits, also known as microchips or semiconductors that were exempt from the fee.
Beijing seems to seek to mitigate the wound of trade war with the apparent liberation of tariffs to American semiconductors.
Although China has its own semiconductor production units, it borrows the main piece of chips from the United States, Tai -Wan, South Korea, Japan and the Netherlands. Last year, China imported $ 11.7 billion from the US, according to CNN’s customs data.
The semiconductors are extremely important for any electronic device and are difficult to create them due to the high cost of development and knowledge needed to create them.
However, the Chinese authorities have not publicly announced decisions on liberation from semiconductors.
The report comes as a contradiction with the former Chinese determination to strengthen its economy in the middle of the trade war.
“We have to strengthen thinking in the bottom line, fully prepare emergency plans and do solid work in economic work,” Beijing said in his statement.
Beijing committed himself to “cooperate with the international community to actively adhere to multilateralism and oppose unilateral bullying practices” when he spoke of Trump’s mutual mutual tariffs.
Donald Trump says Xi Jinping called him
In a recent interview with Time magazine, American President Donald Trump said his Chinese counterpart Xi Jinping called him in the middle of a trade war.
After he asked if JinPing had called Trump, he answered the only “yeah”. He said he wouldn’t call Jinping.
Trump did not provide much detail about calling with jinping.
“He is told. And I don’t think it is a sign of weakness in his name,” he said, not working.
While Washington said that business stand-off with China is economically unsustainable and already offers an exception tariff, China has repeatedly said that it is willing to fight until the end, unless the US lifts 145 % of tariffs.
(Tagstotranslate) China
