Date: 4 months ago   Category: Economy

China has found new allies in trade war with the USA


China plans to lower the customs duties for most the trade partners next month. About it on Thursday, September 20, Bloomberg with reference to two sources familiar with a situation tells. Earlier possible reduction of duties was announced by the PRC State Council Premier Li Keqiang, however he hasn't specified a detail. Duties have decided to lower to stimulate internal consumption for support of economy which began to slow down growth in the conditions of trade war with the USA recently. Now the average customs tariff in China makes 9,8 percent. Materials on teme00:02 — on September 9 Otstrelyalispochema America will lose trade war with Kitayempo to assessment of experts, due to reduction of duties China sends a signal that will continue open policy, despite everything. In July the country has carried out similar reduction of duties for a wide range of consumer goods. The trade war between the USA and China which is based on mutual increase in duties on various groups of goods has broken out at the beginning of 2018. The first blow was struck by the American president Donald Trump who has accused Beijing of a dishonest game and complained of too big deficiency in bilateral trade balance. Later he has announced a trade victory over China which won't be able to overtake economy of the USA any more. By estimates of Bloomberg, it is expected that because of losses in trade war following the results of a year of GDP of China will grow by 6,6 percent that will become the minimum value since 1990. It is more than important news in Film of Day Telegram-channel. Subscribe!

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