China Has Proposed Russia to Join Forces Against US Sanctions
OREANDA-NEWS China and Russia are capable of using joint efforts to overcome the negative consequences of sanctions pressure and trade wars unleashed by Washington. This was stated on Tuesday by Deputy Minister of Commerce of China Fu Ziying .
"China and Russia have created an excellent framework for successful partnership with each other in all areas, including through numerous important mechanisms of cooperation," he said at a press conference.
According to this information, the positive effects of such interaction are obvious. "The economies of the two countries complement each other favorably, the parties cooperate on the basis of mutual trust..."In this regard, through mutual efforts, under the leadership of the leaders of Russia and China, we are able to overcome the difficulties and all kinds of interference [of the United States in the internal Affairs of the two countries]," Fu Ziying said.
According to the Deputy Minister, Moscow and Beijing managed to reach an important understanding on how the development of the two States will proceed in the future. He stressed that such cohesion is beneficial to the people of China and Russia, and expressed confidence in the further strengthening of mutual contacts with Russia.
On Monday, customs duties of 10% on goods imported from China to the United States entered into force, the total value of which is estimated at $200 billion as promised in the White House, from January 1, 2019, the tax rate will increase to 25%. The President of the United States Donald Trump also expressed his intention to proceed to the third phase of the implementation of restrictive measures and, if Beijing dares to take retaliatory steps, to impose additional tariffs applied to Chinese goods and services by $267 billion.
Earlier, the head of the White House repeatedly stated that he did not like the deficit in trade with China, which he accused on June 15 of stealing American intellectual property and technology, reproaching "unfair trade practices". This was the pretext for the levying of fees in the amount of 25% of Chinese goods worth $50 billion. Higher tariffs have started to operate in two stages ($34 and $16 billion), entered into force on 6 July and 23 August.