China's counterattack, Import duty imposed on the US products worth $ 4.36 lakh crore - Every Corner A Story

China's counterattack, Import duty imposed on the US products worth $ 4.36 lakh crore

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New Delhi, India: On Tuesday, China imposed an import duty on the US $ 60 billion (about 4.36 lakh crore) products. In fact, the US had imposed an import duty on China's $ 200 billion (about Rs 14.50 lakh crore) products on Monday. After this, China responded and announced a tax on US 5207 new products.

Russia's Foreign Minister Sergey Lavrov, addressing other young diplomats of an economic forum, said that in most cases the United Nations wants to not adopt the path of dialogue. First, they declare the restriction and then banning more restrictions then they go on the way to negotiation. He cautioned that such policies can never be successful in the future. He said that he is not only mentioning US relations with Russia, but this attitude of America can also be seen with North Korea, European Union, and China.

In response to the US charges on products worth $ 50 billion, China has also imposed a counter-claim. At the same time, the US made the ban on Russia more stringent when the issue of Russian intervention and former Russian spy Sergei Scribal came to light in the US elections. America's relations with both countries are in the worst position.

China can take advantage of Iran: The Experts

Among the uncertainties on the nuclear deal, Iran is looking at China as an alternative market for its crude oil and financial transactions. To encourage traders to deal with this deal, he has filled his market with Chinese products. Although this does not mean that China will provide safely safe haven for Iran without any reason. Experts have expressed concern that China can take advantage of Iran.

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