The trade war between the United States and China has officially begun. Beijing announced countermeasures against American goods after President Donald Trump imposed a 10 percent tariff.
China imposed a 15% tariff on coal and liquefied natural gas, a 10% tax on crude oil, agricultural machinery, pickup trucks and large-engine cars, announced an antitrust investigation into Google and imposed export controls on 25 types of rare earth metal products. It has also designated several US companies as unreliable businesses, writes A2 CNN.
Beijing says it has filed a complaint with the World Trade Organization in response to the tariffs that come into effect today by the Trump Administration. The US President announced that the measures against Mexico and Canada have been postponed for a month, after some intensive negotiations with the leaders of the two neighboring countries. Donald Trump confirmed in Truth the suspension of the tariffs “to see whether or not a final economic agreement can be structured”.
Ottawa has agreed to "ensure a secure northern border and finally end the deadly scourge of drugs like fentanyl that have flooded our country, killing hundreds of thousands of Americans. As president, it is my responsibility to ensure the safety of all Americans. I am very pleased with this initial result," Trump added.
Announcing a 30-day suspension of U.S. tariffs on Canada after a “good call” with Trump, Justin Trudeau outlined his $1.3 billion border plan, promising “border reinforcement with new helicopters, technology and personnel, better coordination with U.S. partners and increased resources to stem the flow of fentanyl.” “About 10,000 men on the front lines,” the Canadian prime minister said.
He also promised to appoint a "czar" to fight drug trafficking and designate cartels as terrorist groups. Mexico also agreed to send 10,000 soldiers to the border with the United States to combat illegal immigration and drug trafficking. (A2 Televizion)
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