“Trump has announced an immediate increase in tariffs for Chinese goods up to 125%”, – WRITE: www.radiosvoboda.org
“Given the disrespect that China has demonstrated to the world markets, I raise a duty charged from China by the United States of America, up to 125%, with immediate entry into force,” – wrote Trump on the social network TRUTH SOCIAL.
He also said that China would “realize that the time when the United States and other countries could be robbed.”
At the same time, Trump reported that more than 75 countries have contacted the United States, including the US ministries, trade issues (USTR) with a proposal to start talks on tariffs, currency issues and barriers in trade. Since these countries, he said, failed to response to the US, Trump announced a 90-day pause for them.
“I allowed a 90-day pause, as well as a significant reduction in mutual tariffs during this period by 10%, which also comes into force immediately,” the statement said.
Earlier on Wednesday China announced About raising duties Imports from the United States up to 84%. The Chinese government emphasized that they protect the national economic interests in the context of trade escalation.
Beijing’s decision was a recent increase in tariffs to 104% of Chinese goods introduced by the US President.
US President Donald Trump on April 2 announced the introduction of duties on goods from all over the world that will be imported to the United States.
The basic customs rate on import of all foreign goods to the United States will be 10%. It will be for the United Kingdom, Brazil, Australia, Turkey, Ukraine and many other countries. For EU countries, it will be 20%, for China – 34%, for South Korea – 25%, for Japan – 24%, for India – 26%.
Cambodia rates (49%), Vietnam (46%) and Sri Lanka (44%) are record.
Declaring the tariffs, the President complained that the United States had undergone bad treatment of “friends and enemies” in trade, which created a huge trade imbalance.
Stock markets worldwide have fallen against the background of the introduction of duties that, as economists warned, will raise prices for goods that consumers in the US buy daily. Countries for which duties have been applied are also likely to response.
