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President Donald Trump said on Friday in a social post -truth post that the United States will start new tariffs for imports from China in response to its plans to implement the export control of numerous goods.
On November 1, effective tax on the combined tasks that Chinese goods are already exposed to are in each Trump. The president also said that he would impose export control on critical software the same day but do not provide further details.
Trump said he imposes new tariffs because China intends to “impose large -scale export control on any product they make.”
On Thursday, the Chinese Ministry of Commerce announced that it would place export restrictions on rare land goods and technologies, including manufacturing equipment, lithium batteries and graphite anodes. The measures are implemented by a spokesman for the ministry on November 8.
The latest measures governing a trade between the United States and China that had been cooled in recent months.
Earlier this year, Trump raised tariffs on Chinese resources to 145 %, while China responded with mutual action. However, both countries agreed to reduce tariffs during a 90 -day pause that later expanded until November 10.
During the ceasefire, US and China representatives have met several times to negotiate the conditions for a tariff agreement. In fact, in June, Trump said the agreement was “reached”, waiting for the final approval of the China President and the China President Xi Jinping.
Although Trump said China has taken “important measures” to address US trade concerns in August, the deal has not yet been finalized. This week’s actions will make the agreement seem unlikely in the near future.
“I was supposed to meet with President XI in two weeks in Apec, South Korea, but now there is no reason to do so,” Trump said in a previous social post on Friday.
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