The threat of new US tariffs on Chinese products may even halt trade talks between the two countries, which have lasted for more than a year. Chinese Deputy Prime Minister Liu He has a trip to Washington on Wednesday but the meeting may be shorter or may not even happen.
According to sources heard by the agency "Bloomberg"Chinese officials – an entourage of about 100 people – were considering delaying the next Sino-US meeting. However, the Chinese newspaper "South China Morning Post"Writes this Monday that the hypothesis of being cancellous is on top of the month
The Beijing government also began this morning to respond to Donald Trump's tweets with Geng Shuang, a Chinese government spokesman, saying they are "trying to get more relevant information about the situation." Still, China assures us that it has not been unpacked. "What I can say is that the Chinese team is preparing to travel to the United States for trade negotiations."
The president of the United States announced yesterday that, in just four days, the tariffs of imports of Chinese products, estimated at 200 billion dollars (about 179 billion euros) will go up from 10% to 25%. Through the social network Twitter, Donald Trump argued that the talks between the two powers were "very slow."
For 10 months, China has been paying Tariffs to the USA of 25% on 50 Billion Dollars of High Tech, and 10% on 200 Billion Dollars of other goods. These payments are partially responsible for our great economic results. The 10% will go up to 25% on Friday. 325 Billions Dollars ….
– Donald J. Trump (@realDonaldTrump) May 5, 2019