could move forward in The negotiations on a trade agreement too slowly, wrote Trump to notice. China attempts to renegotiate the terms of, this he did not want to allow. In the past week, a new round of Negotiations was held in Beijing.
Trump had occupied ten months ago of certain Goods from China, imports in the volume of 200 billion dollars, with the special duties of ten per cent, and at the same time, a possible increase to 25 percent for January signaled.
In December, had agreed both sides at the G20 summit in Argentina on a temporary truce and decided to enter into negotiations. For further imports, in volume of 50 billion dollars, especially in the High-Tech sector is set at 25 percent.
imports of goods to the value of 325 billion dollars were initially free of special duties, said Trump. This will change in the short term, wrote to the US President. Also, these Goods are to be assigned duties with 25% Special, he threatened.
This would mean that virtually all U.S. imports from China were subject to special duties. “The trade deal with China continues, but too slowly, because you try to negotiate,” he said, and added: “no!”
Trump argued that in the past ten months, the duties collected have contributed to the success of the US economy and growth in the United States. “These payments are partially responsible for our great economic results,” wrote the President.
However, imports are paid for duties, as a rule, first of all, from the importer. This can you pass on to the consumers or attempt to gain compensation through a more favourable purchase prices or imports from the country. Only then China would be charged.
For the U.S. budget, however, the duties are, in fact, an additional source of income. The revenue had increased in October 2018 in the year, compared to about 40 percent to 5.5 billion dollars, reported the “New York Times”.
Whether the trade talks in the next few days – as planned – now in Washington, is unclear.
In less than two weeks a decision on possible special duties on the import of cars and car parts from the EU this would affect the German economy. The EU is trying to negotiate an agreement on customs duties for all industrial products, including cars.