The Sino US trade war without gunpowder has not stopped. Just a few days ago, the US side insisted on imposing tariffs on China despite China's opposition. To this end, China also hit back positively and will impose tariffs on the United States. It is the so-called "come and don't be rude". China can't be beaten in vain without saying a word.
Trade war news
On May 13, the office of the Tariff Commission of the State Council showed that, with the approval of the Party Central Committee and the State Council, the Tariff Commission of the State Council decided to increase the tariff rate for the departments in the US $60 billion list of goods that have been subject to tariff increases from 0:00 on June 1, 2019, to implement 25%, 20% or 10% tariff increases respectively. The 5% tariff will continue to be imposed on the items previously subject to 5% tariff.
The tariff imposed by the US on China has led to the escalation of Sino US economic and trade frictions, which violates the resonance between China and the United States in resolving their commercial differences through consultation and damages the interests of both sides. It does not meet the general expectation of the international community. In order to safeguard the multilateral business system and defend its legitimate rights and interests, China must not resort to the mediation and imposition of tariffs on imports originating in the United States. In the Sino US trade war, American consumers are the biggest losers
In the trade war between the United States and China, the American consumers are the biggest losers. The owner of a computer store in San Francisco told his customers in advance that the wholesaler he bought from China was raising the price because he needed to make a profit. Meanwhile, in a shop in San Francisco's Chinatown that sells products such as cameras, everything in the shop will go up in price.
China's tariff on the United States means that American consumers have to buy the same goods at a higher price. As a result, American consumers blame trump for all this. The US government has imposed tariffs on China in spite of the opposition of its citizens, which has seriously harmed the interests of consumers in both countries. It is hoped that the US government can step back from the precipice and recognize the reality as soon as possible.