In turn, as a response to the measures taken by Washington, starting April 2 China introduced new customs tariffs on a set of 128 American products. Here, 120 products, including wine and fruit, will be taxed at 15%, while the other 8 products, including pork, will have an import tax of 25%.
In a separate statement, China's Ministry of Commerce asked the United States to cancel its decisions regarding tariffs on steel and aluminum imports, which, according to China, violate World Trade Organization rules. Nevertheless, Beijing has always insisted that it wants to avoid a trade war.
The exchange of trade sanctions will lead to a significant escalation of the conflict between the USA and China, said the adviser to the U.S. president for trade and industrial policy, director of the White House National Trade Council, Peter Navarro. Peter says that Washington is trying to eliminate the imbalance between the two states, noting that the problem lies not only in the imbalance, but also in China's theft of U.S. intellectual property.
The decline in stock indices also led to declines in several stocks, including:
- Facebook
- Tesla
- Apple
- Microsoft
- Amazon
- Alibaba
These declines actually offer investors the opportunity to buy shares of giant companies at a very attractive price, as they are currently down by 10-20%.
Open a trading account to buy stocks.
If you want to practice without real investments, .
