China is preparing to strike back and announced the introduction of duties on American goods amounting to 60 billion dollars. This threatens markets even more and aggravates the relations between countries. The Ministry of Finance of China said that the duties will come into force on September 24. Donald Trump on his Twitter account said that China deliberately attacks US farmers and ranchers.
The richest man in China, billionaire Jack Ma expressed serious concerns about the current situation, also assuming that the trade war between the two countries can become protracted and will have a much stronger impact than anticipated and expressed the fear that the war can last 20 years, even after the end of Donald Trump's presidential term.
American stock markets showed the biggest daily growth in 3 weeks, as duties on Chinese goods were at the rate of 10% and not 25% as previously expected.
