NewsDeskReport
After imposing 34% of China’s tariffs on American goods, Donald Trump warned that if Beijing did not withdraw the tariff, 50% additional tariff would be imposed on the goods coming from there. Now the conflict between the two countries is increasing. Everyone’s eyes are now on what steps Jinping will take now.
- Tariff War between the US and China is not taking the name of stopping. The conflict between the two countries has been increasing continuously. US has announced a total tariff on the goods imported from China (US-China Tariff War). America’s new tariff on China will come into effect from 9 April.
- The White House issued a statement informing about 104 percent tariffs on China. President Trump had threatened China to impose 50 percent of additional tariffs a day earlier, which he has completed. Now America’s new tariff on China goods has reached 104 percent.
- After the announcement of Trump’s tariff, China announced to impose 34 percent counter -tariff on American goods. In less than 48 hours, Trump warned that if China does not withdraw the increased tariff, he will put more tariffs from 9 April.
- Till last month, America used to impose 10 percent tariff on China, Trump called it a loot of billions of dollars from the US economy. After this, he announced “Reciperook Tariff”. According to this, now America will charge about half the fee of the tariff from other countries, which the country was taking from America. This tariff was an additional 34 percent for China, causing Beijing figure to 44 percent.
- Shortly after the announcement of Donald Trump, the White House said in a statement that America will collect 10 percent of additional non-secular tariffs from the whole world. This step has been taken to fill the US Federal Reserve, after which China’s tariff increased to 54 percent.
After America’s 104 percent tariff on China, it seems that the new economic war between the two countries has started. The Trump did what he said and imposed a total tariff on China.
Trump bluntly said that whatever country will retaliate against America, he will impose more tariffs than before. Something similar has happened to China. Trump had already made it clear that he would not tolerate unfair behavior in business.
Experts believe that the impact of tariff tension between the US and China can be seen on global trade. America’s relations can be more stressful with China.
In addition to Trump, China has not given any response so far. Experts believe that China will not sit silent, it can soon take strict steps. This can deepen the trade war between the two countries.
Recently, China did not withdraw 34% tariffs imposed on America. After which in retaliation action, America also put 50% additional tariff on it. Now the total tariff on China has increased to 104 percent. America is going to implement it from 9 April.
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