Business news from Ukraine

Business news from Ukraine

Beijing considers Trump’s tariff threats mistake

Beijing urges Washington to adhere to previously reached consensuses and considers President Donald Trump’s threats of new tariffs a mistake, the Chinese Ministry of Commerce said.

“China urges the United States to immediately reconsider its mistaken actions, adhere to the important consensuses reached during telephone conversations between the two heads of state, safeguard the hard-won results of consultations, and continue to use the mechanism of China–US trade and economic consultations,” the statement published on the ministry’s website said.

Beijing emphasized that it stands for resolving differences through dialogue, and if Washington insists “on the wrong path,” China will take measures to protect its legitimate rights and interests.

“Deliberate threats of high tariffs are the wrong way to build relations with China,” the ministry stressed. The agency also noted that US statements about possible new tariffs are an example of double standards.

On Saturday night, Trump announced that he intends, starting November 1, “or maybe even earlier,” to impose additional 100% tariffs on goods imported from China.

“Starting November 1, or perhaps earlier, depending on China’s actions, the United States will impose 100% tariffs in addition to the existing ones. In addition, starting November 1, we will implement export control measures for any vital software,” he wrote on Truth Social.

Trump explained that he made this decision because China “declared that starting November 1 it would implement serious export control measures on almost all products manufactured in the PRC.” “This will affect all countries and is clearly a plan that China has been preparing for years,” the US president said.

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PRESIDENT OF UKRAINE APPROVES STRATEGY OF FOREIGN POLICY

President of Ukraine Volodymyr Zelensky, by his decree, put into effect the decision of the National Security and Defense Council of July 30, 2021 On the Strategy of Ukraine’s Foreign Policy.
The corresponding decree No. 448/2021, together with the decision of the NSDC and the text of the Strategy, was published on the website of the head of state on Thursday, August 26 and comes into force from the day of its publication.
According to the decree, the secretary of the Council Oleksiy Danilov is responsible for the implementation of the NSDC decision.
The strategy contains the main priorities and strategic goals of Ukraine’s foreign policy: the state’s course towards membership in the EU and NATO, restoration of territorial integrity and countering Russian aggression, promotion of Ukrainian exports and attraction of investments, cooperation with other states and international organizations, etc.

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