The United States and China still remain in war-torn conditions despite the doors of negotiations open. In response to the trump administration announcing plans to impose a 25 percent tax on more than $ 50 billion in 1300 Chinese products, China announced plans to impose 25 percent tax on US $ 50 billion in chemicals and chemicals. Earlier, they imposed a $ 3 billion tax on US products.
Throughout the world, there has been a scandal that a full-fledged trade war will start between the world's two largest economies. There has been a widespread fall in the number of shares of different countries in the Chinese taxation plan.
China has threatened Tuesday, they will leave the end of this war. In contrast, US Secretary of State Steven Manchin said that there will be high import duty till the solution does not match. Chinese Foreign Ministry spokesman Geng Shuang said, "China does not want to trade with anyone. But we do not fear the fight. "
However, analysts say that China may have announced this announcement to reduce the chances of war, to force the United States to sit on the negotiating table. Fundamentalist management firm IDA Ao of AAA Investment Manager said: "Its main objective is not to engage in trade warfare, but its purpose is not to show weakness."
Whether the declaration made by the two sides will be effective or it will gradually become tense, it is not clear. China has said that they will announce later on the day they will implement the duty. The US government has said that they will make public authorship with US businessmen in next month's next plan. On the other hand, China's Assistant Finance Minister Zhou Guangia also said at the press conference that the time before the tariff will be implemented, it will be 'time of consultation and cooperation'. Singapore-based bank OCBC economist Tommy Sai said there is no possibility that the new tariff will be effective within the next few months. But during this time the negotiation failed, 'trade war will start'.
Washington complains that China is stealing their intellectual property and that's why the tax is imposed. According to Chinese law, if foreign companies trade in China, their intellectual property must be transferred. That's why Germany's fastest train technology has come to Chinese engineers. In exchange for access to their huge market, China also captures the foreign company's business confidentiality in exchange for access to the market.
But Chinese government officials on Wednesday denied the allegation. China's Assistant Trade Minister Wang Suken claims that China has forced the foreign companies to hand over security technologies to the accused. He emphasized that the transfer is done on the basis of mutual understanding.
Some say that the trade war will not solve this problem. Naturally another group says that China has been able to achieve this task for a long time, they need to take strict action against them. As China exports huge products to the United States, they will normally be more affected than the United States. So Beijing will look for the way out of this tariff fight.
But China is walking on the announced path. They are keeping the door open for negotiation, while on the other, the declaration of taxation is going on. In addition, they said earlier that if the United States declares to impose new tariff, they will impose counter tariffs. China thinks that the decision to impose US taxation on China's legitimate rights and interests greatly disrupts the provisions of the World Trade Organization. Chinese Foreign Ministry spokesman Geng Shuang said, Beijing still hopes to solve the problem through negotiations. But he warned that the discussion will be based on mutual respect. Someone will push and someone will accept it - that can not be.