The world trade war is increasingly escalating: after imposing US duties on imports of Chinese products, Beijing responded by imposing 84% duties respectively – with Trump responding by increasing duties to 125%. Similar retaliation against the US is expected to make the EU in the coming weeks – Union duties are expected to reach 21 billion euros and will primarily concern agricultural products. “Now that Trump’s duties are in force, that the EU reacts embarrassed and China with rage, which the US president proves his sadistic character and behaves ridiculously – now that we can talk about trade war,” writes Süddeutsche Zeitung. Now we have a trade war. ” “China agreed to participate in the war and consciously accepted the escalation of duties because it considers it in its interest. Its neighboring […]
Source: News Beast
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