The US -China Trade War is threatened again – by Monday

The United States and China are being drifted again in the trade war unless leaders of the countries are agreed by China’s $ 14 billion worthy of newcomers. Reported Financial Times.

China’s duties will enter into force on Monday and will target fossil energy from the United States, such as coal and oil, as well as cultivated equipment and vehicles. The duties are 10-15 %. In addition, China restricts the export of some of the rare metals needed in electronics.

Actions are the reaction of the US President Donald Trump Last week, set a 10 % customs fee for all Chinese products. According to Trump’s administration, the cause is the illegal importation of a dangerous opioid fentanyl, especially from China.

China is estimated to be particularly dissatisfied with Trump. Trump told about the duties to China two days before their entry into force.

“China does not want such a agreement,” said a researcher at the Chinese CASS Institute in the United States Ma Wei FT:lle.

US President Donald Trump and Chinese President Xi Jingpingin It was expected to sit at the conference table quickly after Trump’s customs duties, but after China’s reported, the connections have been frozen.

A spokesman at the Washington Embassy in China told FT that after China’s newcomers, “the situation has not progressed at all.”

How do Trump and XI react?

Chinese duties will take effect on Monday. On Friday, Trump announced that he would tell about the newcomers next week, but did not specify the countries on which the customs will be placed.

Experts estimate that negotiations will be discussed more than just fentanyl in the United States.

“Fentanyl is a problem that can be easily influenced. China has already collaborated, so Trump is likely to want something from negotiations that can’t be spoken in public, ”said Professor of the UIBE University John Gong.

For example, if the negotiating is the role of China in the war between Russia and Ukraine, it may be a stalemate that will exert a longer period of time for both China and the US economy.

China has reduced its dependence on the United States in recent years. In 2023, the United States accounted for 15 % of China’s exports.