The United States and China will hold trade talks on the eve of the introduction of new US customs duties

US and China trade representatives will hold talks on August 21-22 in Washington on the eve of the US government's next installment of customs duties on Chinese goods worth a total of $16 billion.

This was reported by Reuters.

Also, the United States has scheduled a six-day hearing on the introduction of $200 billion of Chinese imports announced on the eve of US President Donald Trump. In addition, the length of hearings has doubled in order to allow US companies to express their quotations.

At the same time, international investors expect trade talks between the US and China to have positive effects and to stop further aggravation of relations between the two largest economies in the world. According to Reuters, key American and Asian stock indices have grown on the background of information on holding the next round of talks in Washington.

On the eve of Trump, he said that the effect of introducing duties on Chinese goods was "much better" than was expected by the American government.

Earlier it became known that due to the administration of Donald Trump, the Chinese stock market gave way to positions of the stock market in Japan.

The day before, it became known that the American company Apple was the first in the US, the cost of which exceeded $1 trillion dollars.

On August 1, it became known that Donald Trump offered to introduce a customs duty of $ 200 billion in Chinese imports in the amount of 25%. This is 2.5 times more than he said before.

Recall that on July 31, it became known that the United States and China are preparing for the resumption of trade negotiations . In particular, it was reported that the US Treasury Secretary, Stephen Mnuchin, had several private talks with Vice-President of China discussing the terms of the resumption of negotiations.

On July 11, it became known that Donald Ramp is preparing to introduce a further portion of customs duties on imports of Chinese goods at a rate of 10%. The customs duties will apply to goods, the total cost of which is 200 billion dollars.

Subsequently, Trump stated that he plans to impose duties on all imports from China, the cost of which is half a trillion dollars.

On July 6, the Chinese authorities put in place a decision to impose customs duties on US $34 billion in US imports a few hours after the $34 billion customs duty imposed on the Chinese goods came into force in the United States .

On July 17, it became known that the EU and Japan signed an agreement on the creation of the largest free trade area in the world in response to the customs policy of the administration of the United States, Donald Trump.

Recall that on June 20, the European Commission finally approved customs duties on American imports in response to US customs duties on steel and aluminum. In particular, new tariff restrictions would apply to US goods worth a total of $2.8 billion.

On June 14, the European Union unanimously supported the introduction of US customs duties as a response to America's imposed steel and aluminum duties. After that, a decision by the European Commission was required.

June 22, Donald Trump wrote on Twitter, considering the possibility of imposing duties on European cars in the amount of 20%. The EU has been informed that they are prepared to take a similar step in response.

On June 21, it became known that India and Turkey introduced customs duties on US goods.

Donald Trump introduced import duties on steel (25%) and aluminum (10%). The orders signed by the president came into force on March 23. Mexico, Canada and the EU were temporarily excluded from the list of countries.

On May 31, Trump canceled temporary exceptions for steel and aluminum from the EU, Canada, and Mexico. The EU has been told to introduce countermeasures.

The European Union and Canada were preparing to address the issue of the introduction of US customs duties on steel and aluminum through the mechanisms of the World Trade Organization. In particular, countries have already sent their complaints there .

In early June, it became known that the European Union announced plans to introduce additional duties of 2.8 billion dollars of American goods in response to Washington's decision to introduce tariffs for European steel and aluminum.

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