NEW YORK, July 29. /Basereporter.com/. The current international system of trade relations does not work, and to a large extent the blame for this lies with China. With this statement made on Sunday in an interview with CNN, the head of the National economic Council the White house Lawrence Kudlow.
He answered questions relating to the introduction of the President of the United States Donald trump trade duties against foreign countries. “He [Trump] has got completely broken international trade system, said Kudlow. He’s trying to fix it”.
Commenting on the recent recording of trump on Twitter, where he praised the efficiency of duties, Kudlow in principle agreed with the head of the White house. According to the adviser of the President, he supports the fee, if for them “there are good grounds, as in the case of China”. “China is not playing by the rules, and the trading system is broken largely thanks to him” – he argued.
Trump has repeatedly stated that he doesn’t like the trade deficit with China. June 15 this year, the President announced that, in connection with the “China stealing American intellectual property and technology, as well as the fact that Beijing has resorted to unfair trade practice,” the US imposes a 25 percent duty on imported from this country goods worth $50 billion, the PRC Authorities immediately responded adequately tariffs applied to the same value of the imported American products.
After that, the U.S. representative for trade negotiations Robert Leitheiser announced the preparation of a supplementary list of Chinese goods in the amount of $200 billion for the introduction of fees in the amount of 10%, explaining this step by the fact that China “wants to change their unfair trade practices.”
On July 20 in an interview with CNBC trump said he would not rule out the possibility of imposing import duty on the whole amount imported from China goods. As the President noted, this can occur in the case that the Chinese side will continue to take retaliatory action against the United States.