By Admin 
China on us tarifs: The US further increased the tariff from 104 percent to 125 percent over the goods imported from Beijing, increasing the commercial tension with China. In his social media post, President Trump said that he is going to apply a brake on the recipe rocked because many business partners took initiative to negotiate instead of retaliation. But he made serious allegations against China and said that he did not respect.
Beijing took counter action on tariffs and increased the tariff on the goods imported from the US to 84% on Wednesday. This was trying to give a stringent message to Trump. However, after assuming power in January, President Donald Trump has increased tariffs on Chinese goods five times so far.
What can China do?
China has been constantly saying that they will fight till the end. Along with this, business tension between the world’s two economic axis is increasing. It has been said on behalf of China that he has also lodged his protest in front of the World Trade Organization (WTO) against Trump’s move.
Chief Economist Zhiwei Zhang told AFP in Pinpoint Asset Management that China has given a clear indication that they will not turn back. He further said that there is no fast and easy way to solve this fight.
According to Sky News report, export of rare minerals can be controlled by China. These minerals are used for high technology products such as computer chips and electric batteries. A large part of the supply of rare minerals being made in the world is under China’s control. In addition, China can target high profile companies such as agricultural goods and Apple-Teslas that have more impact products. However, according to the report, efforts are being made to attract maximum foreign investment from China.
Also read: With which plan Donald Trump except for the rest of the world, only imposed 125% tariff on China