The US President said that in the near future, Washington could impose additional duties of 100 billion dollars for Chinese goods
Oil prices fell Friday morning after the US President Donald trump has threatened China with new tariffs.
June futures for Brent crude fell 50 cents to prices in 67,83 per barrel, while may contracts for West Texas Intermediate fell 55 cents per barrel, and traded for 62,99 USD.
Speaking on Thursday evening in the state of West Virginia on the issue of tax policy, trump said that in the near future the United States can impose on China an additional fee volume of $ 100 billion. It should be noted that these rates may be imposed in addition to a 25 percent tariffs on $ 50 billion, which Washington has threatened China on Tuesday.
In response to the first round entered Washington duties Beijing on Wednesday announced the introduction of a tariff of 25% on the 106 American goods, including soybeans, automobiles, chemicals, some types of aircraft, and agricultural products. In addition, duties will be imposed on orange juice, cotton, some types of trucks, and electric cars imported from USA.
After trump’s statement about a possible second round of duties in respect of China in Beijing have said they do not want a trade war with the US, but ready for it.