Washington:
Donald Trump has announced a 50 percent additional tariff on China in less than 48 hours, when Beijing announced a tight-for-tat 34 percent tariff on the United States, which Trump declared as part of his mutual tariff order two days ago. This now takes us to a high level of 84 percent on all Chinese goods as the US-China trade war increases.
It is more than 10 percent of the global tariffs, which is said by the White House, applies to all countries around the world, Strip’s tariff’s Tally shocked to 94 percent. However, the additional tariff given by President Trump to roll a 24-hour window or “withdraw” a 24-hour window to the additional tariffs against the US, which, will have to face this revised 94 percent tariff.
President Trump announced at around 11:30 pm (US Time – 9 pm India Time). “Tariff Abuser” Citing his first “warning” for China, he shared a post on his social media platform Truth Social social, in which he wrote, “Yesterday, China released 34 percent of anti-anti-retardice tariffs, already record setting tariffs, non-medial tariffs, companies in the form of illegal subsidy, which are from any country, which are from any country, which are from any country, The existing long -term tariffs of the nation will be found immediately with new and quite high tariffs, which were set and up and up. “
He warned that “if China does not withdraw 34 percent increase above its already long -term trading abuse by 8 April, 2025, the United States will impose additional tariffs on 50 percent of China, which is effective from April 9”.
The fiery US President also abolished all talks with China about Beijing’s request for interaction between the spilling tariff war globally. He also said that nations who have not vengerated American import duty will be given a chance to negotiate. He said, “In addition, all conversations about their requested meetings with us with China will be abolished! Negotiations with other countries who have also requested meetings, will start immediately. Thank you for paying attention to the matter,” he wrote.
The global stock market and oil prices have been in a free fall on the order of President Trump for the last 72 hours, which to put a mutual tariff on the US to the US. “These are, as the name suggests, just mutual – which we do with them, what they do to us”, President Trump said during his Wednesday’s announcement.
China, who has repeatedly sung for “its gross” tariff misuse “for decades, brought back to 34 percent of the existing American tariff with Beijing to” for decades “for decades” for decades, “as Trump imposed it. Prior to Trump’s announcement, Beijing warned that mutual tariffs would lead a “painful trade war” that would “benefit anyone”.