USA och Kina förlänger tullpaus och undviker tresiffriga tullar | NTD NYHETER
Den 11 augusti förlängde USA och Kina sin tullpaus i ytterligare 90 dagar – vilket avvärjde tresiffriga tullar på varandras varor.
Amerikanska återförsäljare ökar nu sina lager inför den viktiga julhandeln i slutet av året.
#USA #Kina #tullar #handel
Beijing and Washington agreed to extend their toll pause by another 90 days, just hours before it would have expired on the 12th of August.
The measure rejected three-digit toll rates on the goods of the two countries, where American tolls on Chinese goods would have increased to 145% and Chinese tolls on American goods to 125%.
In practice, this would have meant a trade embargo between the two countries.
The delay means that American resellers will win important time as imports increase before this year's most important trading season.
US President Donald Trump announced on Truth Social on Monday that he had signed a president's decree that would increase tolls to November.
At the same time, China's Ministry of Commerce on Tuesday morning reported a corresponding maintenance in the introduction of extra tolls.
It also abstained from adding certain American companies, which it pointed out in April, to the lists of trade and investment restrictions.
China said that the extension was a measure to further implement the important agreement reached by the two heads of state during their conversation on June 5, and that it would contribute to stability in the world economy.
On Sunday, Trump had, in an entry on Truth Social, urged China to quadruple its imports of soybeans, but did not mention the demand again on Monday.
The parties had in May in Geneva, Switzerland, approved a ceasefire in the trade conflict, and agreed on a 90-day period to enable further talks.
They met again in Stockholm at the end of July, and the American traders returned to Washington with a recommendation to Trump to extend the deadline.
Data from the US Department of Commerce showed last week that imports from China increased sharply earlier this year in an attempt to prevent Trump's tolls, but decreased sharply in June.
The US trade deficit against China fell by about a third in June to $9.5 billion, the lowest since February 2004.
The US trade deficit with China has plummeted to over $22 billion in just five months, which is 70% less than a year ago.
Washington has also pressured Beijing to stop buying Russian oil due to Moscow's war in Ukraine, and Trump has threatened to introduce secondary tolls against China.
This is a list of some of the worst trade talks between China and Russia in recent years.