U.S and China are threatening to pay $ 150 billion worth of money on each other
News Time
After the trade dispute with the US, China’s President Xi Jinping has emphasized on self-determining and restricted trade policies, making it a free-free ban on the global economy. During his address at the Regional Security Shanghai Cooperation Organization meeting in China’s coastal city Dacheng China’s president did not directly mention the commercial sanctions made by the US, but criticized the US move, saying that we reject self-control, limited and closed policies. To maintain the World Trade Organization rules and support the multilateral trade system, the global economy should be made where everyone is free. U.S and China are threatening to pay $ 150 billion worth of money on each other and in this regard, China has also imposed the tax on US products in response to the additional tax by the United States practically.
The Trump has emphasized China to open its doors for American products because the trade deficit between the US and China is increasing. President Trump announced the Chinese President in the world’s 7 major economies G-7 meeting soon after the joint statement. Trump’s move will affect the relationship between Washington and its allies. China’s President said in a meeting with the SCO meeting (Shanghai Cooperation Organization) that we have to get out of the thinking of the fighting of cold war’s and groups and we oppose our security measures at the cost of others. The Chinese President also offered a grant of $ 4 billion 70 million for the framework of SCO countries.
The Shanghai Cooperation Organization was established in 2001, to protect security concerns in China, Russia and Central Asian countries. Last year, Pakistan and Iran were also included in the SCO and Iran is expected to be member of the Shanghai Cooperation Organization next year. Again, China has warned the United States that if it insists on implementing commercial sanctions and new imported products there will be no use of trade talks between the two countries or any kind of trade agreement.
On the other hand, the G-7 countries have expressed a lot of anger on US decision-making duties on aluminum and steel on duty. The unanimous summit of the European Union Ministers’ Finance Minister in Canada ended the endless end the Trumpet, after turning back all the diplomatic figures, declared the Canadian Prime Minister impunity. US Foreign Minister could not eliminate allied countries. According to the Director General of the International Air Transport Association, this situation can harm global trade.
When recently charged additional duty to Mexico, Canada and the EU, the G-7 countries had expressed a glimpse of decision-making measures at the headquarter. But the G-7 countries have failed to convince Trump any conclusions. In response to trade war, Trump will be China and South Korea, most affected by the support of duty-making machines and solar panels imported in the US. On this decision, China’s Global Times commented that Trump will not give any good results of the commercial war with the Trump and China will respond to it completely. Trade between the two countries was $ 578 billion in 2016 and $ 632 billion in 2017. According to its data from the US government, this trade is associated with more than one million Americans and China is well aware of it. With regard to security, America has threatened China too that he is threatening his neighbor countries by installing a missile in the southern China Sea. The US has not demanded the demand but also threatens the threat, while China says the deployment of the army in South China is part of China’s National Defense Policy. The purpose of keeping the army and arms in this place is that no one should occupy there. As long as it is a territory of China, he can deploy the army there and arms, if a country dries a noise about it, China is interfering with its internal issues. If seen, issues between America and China have come to increasingly growing threats while there is a tension on commercial issues with the US Allies.
The United States under the control of single super power tries to keep the entire world in its control and in the future it seems to be China as competitors. If seen, the United States, China dispute disputes are serious. Trump has also started commercial warfare from its allied nations under US rule and they are following their plans without regarding any opposition. The nuclear deal with Iran broke down al-Qaida, which had negative impact on the European economy and for the first time the petrol been expensive. US policy makers have a firm understanding that the confrontation with China can be very expensive because China has the potential to make the United States an incredible loss. China does not give any importance to American threats.
