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Trump had said that the ball is in China’s court. China needs to compromise with us. We do not need to compromise with them.
US President Donald Trump said on Thursday that we are going to make a very good deal with China. When Trump was asked whether America should be upset that its colleagues are getting closer to China, he said- no. The US imposed a 245% tariff on China two days ago.
Trump said that no one can compete with us. I think we are going to make a very good deal with China. Trump claimed that China is ready to hold a meeting with the US.
The US President said that yesterday there was a very good conversation with the President of Mexico. Similarly, I also met Japanese business representatives. Every country including China wants to meet us.
China accused of retracted from Boeing deal The White House said on Tuesday that Donald Trump believes that China is not to come to the talks table. Earlier, the US President accused Beijing of retracted with a major deal in Boeing.
White House press secretary Caroline Lewit quoted Trump as saying that the ball is in China’s court. China needs to compromise with us. We do not need to compromise with them.
China had said- not afraid of trade war with America On the US 245% tariff, China said that we are not afraid of doing a trade war with the US. China again said that America should talk. Earlier, Donald Trump had said that China would have to start a conversation.
China’s Foreign Ministry spokesman Lin Gian said that if the US really wants to resolve the issue through dialogues and compromises, it should stop pressurizing, intimidating and blackmailing it and should talk on the basis of equality, respect and mutual interest with China.
Lynn Gian told reporters that you should ask America only what will be different tax rates under 245% American tariffs. This tariff war has been started by America, not we. We are only responding to America’s action. Our steps are completely logical and legal. We are trying to maintain honesty in our country’s rights and international trade.
China refuses to take delivery of new aircraft from Boeing
It was revealed on Tuesday that China has ordered its airline companies not to take delivery of new aircraft from American aircraft manufacturer Boeing. According to Bloomberg report, Beijing has also ordered to stop the purchase of parts and devices of the aircraft built in the US.
China has issued this order in response to the US 145% tariff. Boeing Airplane is an American company that produces airplane, rocket, satellite, telecommunication equipment and missiles. The company was founded on 15 July 1916 by William Boeing.
Airlines companies from many countries use plane made by Boeing. Boeing is the largest exporter company in the US and is also the third largest defense deal company in the world.
According to media reports, more than 1.5 lakh employees of the company work in different places around the world.
China also stopped supply of precious metals
China has also banned the export of 7 precious metals (rare economy) among this trade war. China has also stopped the magnets of magnets required to assemble from cars, drones to robots and missiles.
These materials are very important for automobiles, semiconductors and aerospace business. This decision will affect motorcycles, aircraft, semiconductor and weapon making companies worldwide. They will become expensive.
On April 4, China issued an order to ban the export of these 7 precious metals. According to the order, these precious metals and special magnets made from them can only be sent out of China with special permits. Read full news here …
China is insisting on increasing new industry and innovation
China has government bonds of about 600 billion pounds (about $ 760 billion) in the US. This means that China has a great force to influence the American economy. At the same time, China has also started its preparation.
China has given an additional $ 1.9 lakh crore loan to the industrial sector. This intensified the construction and upgradation of factories here. Huawei has opened a research center for 35,000 engineers in Shanghai, 10 times larger than Google’s California headquarters. This will speed up technology and innovation capacity.
