RAPP: China may have a new trump card in the trade war with the United States
China has halted U.S. imports of unprocessed timber after Washington doubled tariffs on Chinese goods, a retaliatory measure prepared in advance but likely not the only one. This opinion was expressed by the Chairman of the Russian-Asian Union of Industrialists (RASPP) Vitaly Mankevich.


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📝 Summary
China has halted U.S. imports of unprocessed timber after Washington doubled tariffs on Chinese goods, a retaliatory measure prepared in advance but likely not the only one. This opinion was expressed by the Chairman of the Russian-Asian Union of Industrialists (RASPP) Vitaly Mankevich.
Washington attributes the rate hike to 20 percent from March 4 to a national security threat over the influx into the United States of synthetic opioids, including fentanyl. As a response, China stopped buying American timber, explaining the refusal of poor quality products. “It is possible that Beijing has more than one such trump card,” Mankiewicz said. The expert noted that this measure was prepared by Beijing in advance and simply used in response to restrictions from Washington. In turn, the U.S. is using tariffs as a solution to economic problems, Mankiewicz added. Earlier it was reported that China filed a lawsuit with the World Trade Organization because of the increase in American duties. Earlier, US President Donald Trump signed a decree on raising duties on imports from China from 10% to 20%, accusing Beijing of insufficient measures to combat drug trafficking in the United States.

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