Return on customs duties: The exclusion was published late in the evening on Friday of the Washington time in the Journal of the American Customs Office. “Many popular, technologically advanced products, important for the American consumerwill not be covered by the duties, which will protect consumers from growth prices universal articles ” – emphasizes CBS News.
What products are it about? It was withdrawn from the list Products from the high-tech industry brought to the USA from Chinawhich until now have been subject to a share of 145 percent. It's about smartphones, computers, semiconductors, solar panels, LCD screens and memory cards. Semiconductors were also excluded from base customs charges of 10 percent. As CNBC emphasizes, this “The victory of technology companies such as Apple, which produce most of their products in China“. The decision will avoid significant increases in electronics prices in USA. It was estimated that Trump's duties could be over twice increase the prices of laptops and smartphones.
Customs War: Let us remind you, a few days ago The Americans imposed customs fees in the amount of 145 percent on Chinese goods. The Chinese answered retaliation duties in the amount of 125 percent. The Chinese Minister Wang Wentao talked about the tightening customs war from the USA with the head of the World Trade Organization NGOZI Okonjo-Iweala. The politician warned that The American duties will affect the poorest countries the most and can cause a humanitarian crisis. He also accused the United States that they cause chaos in the world.
There will be a lawsuit: The Chinese announced that They will not further raise their duties on American productsbecause at current levels such action no longer makes sense. Chinese importers no longer pay to bring goods from the USA. In addition Beijing intends to submit against Washington claim to the World Trade Organization.
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Sources: CBS News, CNBC, IAR