The name of the current payment ceasefire between the US and China is not taken. President Donald Trump has now announced a 125 percent increase against China. Trump gave information about this by sharing a post on X. He accused China of ‘insulting’ to global markets. In addition, Trump has announced a 90 -day discount on several countries.
125% of the fee on China
Trump said, “I am 125% of the fees imposed by the US in China, as China does not respect the world markets. China will soon understand that exploitation of the United States and other countries is unacceptable or durable.
‘Fees are banned for 90 days’
However, considering the positive response of more than 75 countries towards the United States, Trump said he had announced a 90 -day suspension. During this time, the ‘Resprook charge’ has been reduced to 10% from the United States.
Trump said that these countries have communicated with the US Trade Department, Treasury and Business Representatives and have expressed their desire to find solutions on issues such as business, payment, currency manipulation and non -economical fees. Trump also said that these countries did not respond to the US.
‘This is not a trade war, but China made the situation worse’
The White House spokesman said the US would continue talks with China, according to a ‘tailor’, but the US was forced to increase the fee as China accepts the ‘retaliation policy’.
US Treasury Secretary Besant said that countries that survived the retaliation against the United States would get its reward. Mexico and Canada have been added to the 10% fee slab, which will provide them with relief, he said.
Besant, however, made it clear that ‘I will not call this a trade war, but China has certainly increased the situation.’ He hoped that various countries would bring their ‘Best Agreement’ program to the US.
The market rose 4 trillion in 10 minutes
He said that the 90 -day announced by President Trump was not taken due to the reaction of the ‘Bose’ market. Besant said the market could not understand that the fee plan is already at maximum level. In the meantime, the US stock market recorded $ 4 trillion in 10 minutes of Trump’s announcement, which shows the comprehensive economic impact of the decision.
