US $ 100 billion in China and threat to impose fee
US President Donald Trump has instructed his officials to consider charging $ 100 billion against China.
Even before this, the US had imposed a $ 50 billion fee on the import of Chinese products.
China's Ministry of Commerce has said in its reply that China is ready to pay any price to protect its interests.
In recent times, business decisions taken by the two countries to change have made the international market unstable.
The US has taken this decision in response to China's move in which it imposed 106 important US products.
'We are not afraid of trade war'
China's Foreign Minister Wang Yi said in response to Trump's announcement, "China and America are two powerful countries of the world and should treat each other equally and with respect."
Commerce Minister Gao Fang said, "We do not want to fight but we are not afraid of trade warfare."
He said that if the United States ignores China and international opposition and persists in its one-sided and conservationist mode, then China is ready to pay any price for it.
China will also give reasonable answers to protect the interests of its citizens.
The experts have warned that there is a threat of trade warfare across the world economy and market, and they believe that the agreement between the two countries is very difficult.
Politically, Trump's decision has not been supported by some members of his own party.
They have warned that due to the fee, America will have an impact and jobs will go. They say that this may have an impact on America's other business relations.
Walmart and Targate, the largest retail business company in the United States, have also told Trump to reconsider this decision once, which could affect the prices and the American families.
On Thursday, Republican MP Ben Sese told Trump's decision to be 'stupid'.
They said, "Of course, China should oppose the wrong thing, but by such a decision, China should be punished, not us."
Trump decisions can also affect the farming areas of the United States. Especially farmers who cultivate soybean can be harmed by this, not only in the USA but also in the world.
China itself is a producer of soybean and buys 60 percent of the soybean exported in the USA.
Due to the demand of soybean in China, the price of soybean is limited in the US for a considerable time.
But after the US soybean bill was levied in China, its sales will decline in China, which will harm American farmers.
India has also been a major producer of soybean and the experts believe that this potential trade war of America and China is a chance for India's economy.
China has complained against the fees charged by the WTO. Experts believe that it is a sign that the process will last long.
The WTO has asked members to vote on Thursday and after the discussion, the complaint will be officially taken to the dispute resolution process.
Even before this, the US had imposed a $ 50 billion fee on the import of Chinese products.
China's Ministry of Commerce has said in its reply that China is ready to pay any price to protect its interests.
The US has taken this decision in response to China's move in which it imposed 106 important US products.
'We are not afraid of trade war'
China's Foreign Minister Wang Yi said in response to Trump's announcement, "China and America are two powerful countries of the world and should treat each other equally and with respect."
Commerce Minister Gao Fang said, "We do not want to fight but we are not afraid of trade warfare."
He said that if the United States ignores China and international opposition and persists in its one-sided and conservationist mode, then China is ready to pay any price for it.
China will also give reasonable answers to protect the interests of its citizens.
The experts have warned that there is a threat of trade warfare across the world economy and market, and they believe that the agreement between the two countries is very difficult.
Politically, Trump's decision has not been supported by some members of his own party.
They have warned that due to the fee, America will have an impact and jobs will go. They say that this may have an impact on America's other business relations.
Walmart and Targate, the largest retail business company in the United States, have also told Trump to reconsider this decision once, which could affect the prices and the American families.
On Thursday, Republican MP Ben Sese told Trump's decision to be 'stupid'.
Trump decisions can also affect the farming areas of the United States. Especially farmers who cultivate soybean can be harmed by this, not only in the USA but also in the world.
China itself is a producer of soybean and buys 60 percent of the soybean exported in the USA.
Due to the demand of soybean in China, the price of soybean is limited in the US for a considerable time.
But after the US soybean bill was levied in China, its sales will decline in China, which will harm American farmers.
India has also been a major producer of soybean and the experts believe that this potential trade war of America and China is a chance for India's economy.
China has complained against the fees charged by the WTO. Experts believe that it is a sign that the process will last long.
The WTO has asked members to vote on Thursday and after the discussion, the complaint will be officially taken to the dispute resolution process.
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