Trump signed an executive order for 104% rates against China
The President of the United States, Donald TrumpSigning an executive order confirming the 104% rate on China products. The new percentage is valid by Wednesday, 9th and 9th and after the announcement of 34% mutual tariffs on the Asian giant US-this will come into effect next Thursday 10th.
Speaking at a news meeting on Tuesday, White House spokesman Carolyn Leivit said that 70 countries are in talks with the US about tariffs. President Trump has warned Trump that President Trump is looking for “Beijing’s answer” to 34% tax response to President Trump American products.
The way here
The President of the United States has told China to remove 8 (1 pm in Brasilia 1 pm)-till 12 noon on Tuesday. However, Beijing suggested that he did not want to fall back, which accelerates the trade war between the two countries.
The surcharge of the Asian giant, 34% was the same as the president’s announcement against China last week.
In promoting “mutual tariffs” against all countries in the world last week, Trump applied a 34% rate against Chinese products, which came into effect on Saturday 5 on Saturday 5 on Saturday.
The American rate will replace 20% of the tariff for Chinese products specifically this year. That is, Chinese products pay 54%. With 50%of the new rate, the total goes to 104%.
On Tuesday, the Chinese ministry spokesman said, “The threat of raising tariffs against China is another mistake and reveals, once again, the United States’s Black Mailer. China will fight until the end.” The Asian country has reported that it adopts “contract” to maintain its rights and interests, at the same time, requested a conversation.
The situation of the markets
Asian bags recovered on Tuesday morning after falling widespread in Asia, Europe and the United States markets on Monday. In Asia, Tokyo closed 6% after a day of 8% fell.
Analysts fear that the trade war will provide greater inflation, more unemployment and less growth. Trump claims that the rest of the world has been “exploited” for years.
Last week, he announced a 10%general rate on all the products he imported, which added specific rates by countries including European Union countries (20%) and Vietnam (46%), which would come into effect on Wednesday (9). For this, the executive order has already been signed.
27 EU countries try to obtain a general response and propose the total and mutual exemption of customs rights for industrial products, including cars on Monday.
“No, this is not enough,” Trump said that Europe did not buy enough American industrial products.
In an interview with American Treasury Secretary Scott Besant Fox News, the import tariffs announced on April 2 said they would work for the United States.
According to Bessent, they have received guarantees from other countries about how they will open their markets further to American products, “President Trump will be ready to negotiate.” “About 70 countries” have already consulted Washington, he said.
