Recently, Trade Frictions Between China And The United States Have Arisen, And Trade Warfare Is About To Fully Start.
Recently, trade frictions between China and the United States have arisen, and trade warfare is about to fully start.
On March 8, 2018, US President Trump signed an announcement based on the findings of the 232 investigation. He confirmed that imported steel and aluminum products threaten US national security. Global import tariffs will be levied from March 23 onwards. Import duties on steel and aluminum products will be imposed. 25% and 10% respectively, but exempt from Canada, Mexico and other countries. On the morning of March 23, Beijing time, US President Trump formally signed a memorandum of trade with China in the White House, announcing that it would be possible to impose tariffs on the US$60 billion of goods imported from China and restrict Chinese companies from investing in the United States. Trump also announced: "This is just the beginning."