China urges us to “completely cancel” import taxes

Chinese officials call on US President Donald Trump to “completely cancel” their so -called mutual tariffs as the trade war between the two largest economies in the world.

This week, Trump announced a 90-day pause for the many global tariffs he planned but increased Chinese import levies to 145%.

“We urge the United States to take a big step to correct its mistakes, completely cancel the wrong practice of” mutual tariffs “and return to the right mutual respect,” the Chinese Ministry of Commerce said.

On Friday, the Trump administration offered a concession, announcing that some technological products – including many manufactured in China – will be released.

The Chinese Ministry of Commerce called the US a “small step” and stated that Beijing “evaluates the impact” of this step.

Trump’s exceptions to technology – which include smartphones, computers and semiconductors – offered hope for technological giants and consumers who experience that the price of gadgets is increasing as a result of tariffs.

But there was no direct prospects for the thaw in the protectionist posture of two competitors.

US trading representative Jamison Grira was asked if Trump’s plans to talk to his Chinese counterpart Xi Jinping during his appearance on CBS’s Face The Nation on Sunday.

“Now we have no plans,” he said.

In early April, Trump imposed a 54% tariff from China’s products before moving to the current 145%.

In its own tariffs on Tat-TAT, China introduced 34%to the US goods before increasing it to 84%and then 125%, which came into force on Saturday.

Announcing its latest tariffs, last week, the Chinese commercial ministry stated that it will “fight the end” when the US insists on a provoking tariff war or a trade war. “

At the end of the Saturday, traveling to Miami, Florida said Trump said he would give more information about release earlier next week.

The White House claimed that it uses tariffs as negotiation tactics to get more favorable trading conditions from other countries.

Trump said his policies would offset injustice in the world trading system, as well as return jobs and factories to the United States.

However, in its interventions there were large fluctuations in the stock market and caused fears to reduce global trade, which could have a job and an individual economy.