La China will not "fire the first blow" as regards the looming trade war with the United States, but has every intention of taking revenge if Washington it should really follow its promise to implement around 50 billion dollars of fees for Chinese technology and intellectual property.
The first wave of sanctions that includes goods from the Far East country worth about $ 34 billion is destined to come into force tomorrow at 4: 01 AM GMT, that is, the early afternoon in the capital of China. The remaining $ 16 billion technologies to be burdened by additional tariffs have not yet been announced by Washington, even though the federal government should define such assets later this summer.
The President Trump he had previously promised to respond to any retaliatory attempt on the part of the China. The president of the United States has repeatedly stated that he has good relations with the Chinese president Xi Jinpingbut according to the American maintain the trade deficit between the two major economies of the world is not fair and must be addressed.
China has said that its tariff retaliation has already been prepared and will be implemented immediately after the entry into force of the US tariffs, stating that it does not want a commercial war and that the White House he is actually "opening fire" to the whole world with his extra duties.
US consumers are not expected to suffer any short-term effect of the incoming tariff war due to the heavy debt strategy assumed by the United States Congress, but the consequences of any prolonged trade conflict between such economic superpowers remain far-reaching.
The main Chinese consumer electronics manufacturers like Huawei and ZTE they will likely see their businesses in the United States suffer hard blows, although their operations in the United States United States however, they have not flourished in recent times due to independent reasons ranging from national security concerns to violations of trade sanctions.
