Tariff War is not stopping: Trump signs on order imposing 20 percent tariffs, now what will China do


China is preparing to respond to America


Washington:
The tariff of US President Donald Trump has caused panic worldwide. Tariff war between the US and China does not seem to stop. Now US President Donald Trump has signed an order to increase the tariff on Chinese imports. The White House said on Monday that this decision was taken in view of Beijing’s failure in dealing with Fentaneel’s illegal trade. According to the social media post of the White House, this order increases the 10 percent tariff already imposed on China to 20 percent.

Tariff has increased on America on America

Earlier, US President Donald Trump had announced a 10% tariff on goods going from China (China) to America. What was it then, China woke up from America’s tariff and decided to respond to America. The result of this was that China also started tariffs on the goods coming from America. China has imposed tariffs up to 15 % on many products including US coal and crude oil. These tariffs installed by China have come into effect from February 10.

Tariff War between America and China

  • China had already announced a 15 % tariff on American coal in response to Trump’s tariff.
  • 15 % tariff on LNG products
  • 10 % tariff on American crude oil and other products
  • 10 percent tariff on big engine cars
  • 10 % tariff on pickup vehicles also

China will respond to America’s tariff

China’s official newspaper Global Times said that China is retaliating against the new import tariffs of America to be implemented from Tuesday. Trump had threatened China to impose 10% tariffs last week, as a result of which the US imposed 20% tariff on China. Citing an unknown resource on Monday, the Global Times said, “China is preparing to retaliate in response to a US threat to impose an additional 10% fee on Chinese products on the pretext of Fentaneel.” This report states that tariffs can be increased from China on American agriculture and food products.

25 percent tariff on Canada Mexico

Trump announced on Monday that 25 percent tariffs will be implemented on Canada and Mexico from Tuesday i.e. today. Trump said that there is no scope for delay in it. Trump said Tariffs are to force the two American neighbors to fight their fight against the fentinel smuggling and stop illegal immigration. At the same time, Trump has also indicated that he wants to balance trade with both countries. Trump said that today 25 percent tariffs will be started on Canada and Mexico.



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