The Sino-US trade war has escalated. On Friday, China announced that it would have a tax rate of about 60 billion US dollars for the 5,207 tax items originating in the United States, depending on the four tax rates (25%, 20%, 10%, 5%). Tariffs.
On Tuesday, the United States re-launched a US$16 billion list of tariffs on Chinese imports, with a tax rate of 25%, effective on August 23. In addition to China, this year, including the European Union, Mexico, Canada and other countries, Involved in the trade war.
According to the CNBC report, Bill Gates pointed out that the trade conflict is intensifying and is 'terrible'. The global economy is hard to perform when tariffs are raised. Bill Gates believes that tariffs will affect many industries, especially supply. Chain complex industry.
Bill Gates stressed that using tariff-added remarks to force others to submit, or even 'upgrade', may ultimately have a negative impact on the planned global supply chain for the import and export business; this alone is enough Impact on the global economy, hurting employment.
The International Monetary Fund (IMF) warned in July that if the United States continues to threaten its former trading partners, it will threaten to reduce global economic growth by 0.5 percentage points in 2020, affecting gross domestic product (GDP) by about 430 billion. Dollar.