a week scramble the makers of the scotch whisky fear break that will kill kido day global business. and big fizzle and let s do business it s tense times for traders around the globe what will twenty nine thousand bring could it be the beginning of the end of a trade war that s been rumbling on for almost a year now negotiations to smooth over the u.s. china trade happening now in beijing this is the dispute that saw u.s. president donald trump announce tariffs on chinese steel and before adding several other products later in the year china is america s biggest trading partner and exports more than fifty billion dollars in goods that s a huge amount so far washington is threat to slap tariffs on chinese goods with around two hundred fifty billion dollars china has also retaliated o.b.o. to a smaller scale because the u.s.
at less than fifty billion dollars this year s budget is less than half the size of last year s. us. nobody can say that the sanctions do not harm our economy or people s lives. but nobody can say that the united states will achieve its goals. america will certainly be defeated and it will fail. since us president donald trump decided to withdraw from the three year old nuclear deal and to restore sanctions the iranian ryall has lost around half its value the fall of the currency drove up prices across the board with food costs up sixty percent on tuesday president hassan rouhani announced a twenty percent increase in public sector wages. this
than fifty billion dollars this year s budget is less than half the size of last year s. us. nobody can say that the sanctions do not harm our economy or people s lives. but nobody can say that the united states will achieve its goals. america will certainly be defeated and it will fail. even. since u.s. president donald trump decided to withdraw from the three year old nuclear deal and to restore sanctions to rainy and rio has lost around half its value the fall of the currency drove up prices across the board with food costs up sixty percent on tuesday president hassan rouhani announced a twenty percent increase in public sector wages. this
duties came into effect on another two hundred billion dollars worth. on the other side china s imports from the u.s. last year totaled one hundred twenty nine billion dollars china responded to the u.s. terror of spy also imposing duties on fifty billion dollars worth of u.s. goods in the summer and now it s adding tariffs to a further sixty billion dollars worth. the war of words continues to here s what u.s. secretary of state mike pump aoe had to say about the trade war in a t.v. interview. we know this much of the trade war by china against the united states has been going on for years. here s what s different in this administration to the extent one wants to call this a trade war we are determined to win it. china s leadership for its part accuses the united states of bullying with no sign of
this week the u.s. and china imposed fresh tariffs on each other s goods it s the latest round in a bitter trade dispute the irony of the conflict is highlighted by scenes like these workers in a chinese factory making banners and flags for donald trump s twenty twenty reelection campaign. the dispute between the world s leading economies has escalated dramatically since this meeting between the american president and his chinese counterpart xi jinping almost a year ago what s happened since and what has it meant for the two countries last year the u.s. imported more than five hundred billion dollars worth of goods from china in june of this year trump slapped tariffs on fifty billion dollars worth of them this week