Sino-US Trade Tensions May Escalate to Import Tariffs Exceeding 100 Percent

The US and China will face a trade war with import tariffs exceeding 100% again!

After trade negotiations with Chinese officials in Stockholm, US Treasury Secretary Bensont said that Washington believes that if the US imposes secondary sanctions on Russian oil buyers, these measures will be supported by US allies.

"We have heard from some European partners, NATO allies, and even Canada, who will follow this example. Therefore, we expect most Western alliances supporting Ukraine to follow suit. I think anyone buying Russian oil should be prepared for this."

Regarding the potential impact on China, Bensont said: "They place great importance on their sovereignty, and we don't want to infringe on their sovereignty, so they want to pay 100% tariffs."

The US president said today that if Moscow and Washington do not reach an agreement on resolving the Ukraine issue within 10 days, the US will impose import tariffs of about 100% on Russian goods and their trading partners.

Original article: https://www.toutiao.com/article/1839014014108672/

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