China suspends tariff reduction obligations on 128 imported products originating from the United States and is imposing additional tariffs on the basis of the current applicable tariff rates.
“In order to protect China’s interests and balance the losses caused by the United States’ imposed tariffs (i.e. 232 measures) on imported steel and aluminum products to China’s interests, the Customs Tariff Commission of the State Council has decided to suspend duty concessions on certain imported products originating in the United States,” the State Council Customs Tariff Commission said.
To suspend tariff reduction obligations on 120 imported products such as fruits and other products originating in the United States, China has imposed additional tariffs on the basis of the current applied tariff rates and has imposed a tariff rate of 15%, according to the State Council statement.
Eight imported goods such as pork and products originating in the United States shall be subject to tariff reduction obligations. Tariffs shall be imposed on the basis of the current applied tariff rates, and the tariff rate shall be increased by 25%.
The current policy of taxation, tax relief, and tax exemption remains unchanged.
On March 8, 2018, US President Trump signed an announcement confirming that imported steel and aluminum products threatened US national security and decided to impose tariffs (i.e. 232 measures) on imported steel and aluminum products beginning from March 23.
Other than literally dropping tactical nukes on China’s economic infrastructure, what form of countermeasure should the Deep State unleash now?
A United China against a Divided “United States” only leads to an ugly downfall for the British Empire. It’s not that the former has been remiss in warning the US from opening the proverbial Pandora Box.
“We would like to recommend the United States to refrain from any actions which could harm the trade and economic relations between the two countries, otherwise the United States will fall into the pit it is digging for others,” Gao said.
It seems like we are looking at China at the end of the rope now. And so is Putin…
Even Pakistan is joining the fray…
“China has reportedly provided Pakistan with a highly advanced optical tracking system, which will be a boon to its missile program. The move is an apparent poke in the eye of India, which is becoming China’s main regional rival.
The delivery of the system was reported by the Chinese Academy of Sciences (CAS) in a statement, the South China Morning Post (SCMP) reported on Thursday. It was a rare occasion for Beijing to publicly confirm the export of sensitive military equipment that may stir controversy in other nations. The deal, the statement said, was the first of its kind supplied by China to a foreign buyer.”
The big question now is: Where does the Deep State go from here?
How about the so called American Patriots? Aren’t they going to do something and show us some real, verifiable actions?
This is the best time for them to strike back, too. Besides, Trump and his team of recycled warmongers cannot be expected to get the job done and Make America Great Again.