Later trump tweeted that the us would increase

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Later, Trump tweeted that the US would increase tariffs on US$300 billion worth of Chinese imports that was being tariffed from September 1. And from October 1, 2019, US tariffs on the remaining US$250 billion of Chinese goods would be increased from 25 to 30 percent. Day 404: August 13, 2019 – US and China agree to talk again in two weeks China’s Commerce Ministry states that US and China have agreed to restart talks on the phone in two weeks. This is expected to happen just days before September 1 – when the additional tariff is to come into force. The statement was made after Chinese Vice Premier Liu He spoke with US Trade Representative Robert Lighthizer and Secretary of the Treasury Steven Mnuchin over the phone on August 13. China’s Commerce Minister Zhong Shan, Central Bank governor Yi Gang, and Deputy Director of the NDRC Ning Jizhe are confirmed to attend the next scheduled call.
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Day 404: August 13, 2019 – US delays tariffs on certain products and removes items from the list The USTR announced it is delaying the imposition of additional tariffs on certain Chinese imports to December 15. A 10 percent tariff on a host of Chinese products is still to come into effect on September 1. The delayed tariffs would have affected the cost of items of mass consumption, including cell phones, laptops, video game consoles, computer monitors, certain items of footwear and clothing, and certain toys. Besides delaying tariffs on some goods, the USTR is removing certain products from the scope of additional tariffs, citing “health, safety, national security” factors. An exclusion process for these products will be conducted, according to the USTR. Day 397: August 6, 2019 – Chinese companies suspend new US agricultural product purchases According to a statement issued by the Ministry of Commerce on August 6, certain Chinese companies have suspended purchasing US agricultural products. The statement also makes clear that the Customs Tariff Commission of the State Council will not rule out import tariffs on newly purchased US agricultural products after August 3. As a result, some Chinese companies have decided to suspend such imports. Day 397: August 6, 2019 – US declares China is a currency manipulator The US Treasury declares China to be a currency manipulator, after the yuan sunk to 7 against the US dollar – its lowest level in 11 years – in apparent retaliation to the new punitive tariffs threatened to apply on the remainder of Chinese imports. The declaration accuses China of manipulating its currency “to gain unfair competitive advantage in international trade,” and states that the US Treasury Secretary will engage with the International Monetary Fund to eliminate the advantages created by China’s latest actions
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Not surprisingly, the People’s Bank of China has refuted these claims in a strongly worded statement , maintaining that “China has never used and will not use the RMB exchange rate as a tool to deal with the trade frictions” and that “changes to the RMB exchange rate is determined by market supply and demand.”
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