Date: 8 months ago   Category: Economy

Germany against the background of trade war became the leader in export of cars to China - RIA Novosti, 9/25/2018

BEIJING, 25 Sep — RIA Novosti. Germany became the leader in export of cars on the market of China, having outstripped the USA, under the influence of trade war, the deputy minister of commerce of the People's Republic of China Wang Шоувэнь.© of AFP 2018/Wang Zhao In Minkommertion of China has said on Tuesday have told what trade war with the USA "Before the USA will lead to were the largest supplier of cars to China, but now Germany became the leader in deliveries of cars to China. Import of the Japanese, German cars in the Chinese market grows, and American falls" — Wang Shouwen has said at a briefing. He has noted that trade measures of the USA don't correspond to the interests of China, and don't bring benefit to the USA. "The negative balance of trade balance of the USA grows not only with China, but also in relation to all world trade. Therefore we consider that trade war doesn't correspond to the trade interests of either China, or the USA" — I have emphasized with the deputy minister of trade department of China. He has added that the termination of trade war — the only exit from current situation. Trade war between China and the USA has begun after on July 6 this year the mutual raised customs duties between these states have come into force. The USA has introduced duty into 25% for import of 818 names of goods from China with a total amount of deliveries of 34 billion dollars a year. As a counter-measure China in the same day has introduced duty into 25% for import of equivalent volume of the American goods. In August the USA has introduced duty into 25% for import of the Chinese goods of 16 billion dollars. Right after it the Chinese side has entered similar measures. Discontent of the USA is caused by a trade imbalance between two countries which, by estimates of Washington, makes 500 billion dollars in favor of China.



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