Since April 10, China has introduced 34% additional tasks to all goods imported from the United States. This decision was voiced by the Tariff of the State Council of the PRC, TASS reported.
Such a step is to react to the tariff policy of US President Donald Trump. The Chinese government's statement says that US actions “do not comply with international trade rules” and “weaken China's legitimate rights and interests.”
Recalling that US President Donald Trump announced the introduction of new tasks to goods from some countries. The task will take effect on April 5 and affect the goods from the European Union, China, South Africa, India, Korea and Japan.
Apple has become one of the largest victims of the US trade policy on Wall Street, which has lost more than $ 250 billion in market value, according to Financial Times.
In addition, the US stock market was opened by a strong fall on April 3 after announcing President Donald Trump about introducing big tasks. The quotes of companies depend on supply from China and other Asian countries have decreased significantly. Autumn also affects the cryptocurrency market: Bitcoin sinks below 82 thousand dollars.
The US Finance Minister Scott Immentin explained that Russia was not included in the list of new tasks, because trade with it was actually terminated due to US sanctions.