Bilateral trade between China and the US has dropped 20 percent in the first four months of the current year. Tension is continuously increasing between the two biggest economic forces in the world.
It is notable that US President Donald Trump has recently warned China to raise import duty on $ 200 billion products.
According to the data released before the 11th round of trade negotiations going to be held on 9-10 May by the General Customs Administration in Washington, trade between the two countries in the first four months was $ 1,110 billion or $ 173 billion, which is the same period of 2017 Compared to 20 percent less.
The report of ‘Global Times’ states that if trumpets implement their announcement of increase in import duty on China’s $ 200 billion from China from 10 to 25 percent, the bilateral trade will fall further.
Bilateral trade between China and the US has dropped 20 percent in the first four months of the current year. Tension is continuously increasing between the two biggest economic forces in the world.
It is notable that US President Donald Trump has recently warned China to raise import duty on $ 200 billion products.
According to the data released before the 11th round of trade negotiations going to be held on 9-10 May by the General Customs Administration in Washington, trade between the two countries in the first four months was $ 1,110 billion or $ 173 billion, which is the same period of 2017 Compared to 20 percent less.
The report of ‘Global Times’ states that if trumpets implement their announcement of increase in import duty on China’s $ 200 billion from China from 10 to 25 percent, the bilateral trade will fall further.
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