Donald Trump Threatened With China Of 50% Goods Imported Into The US IF It Does Not Withdraw a Countermeasure, AS Global Markets Tumbled for A Third Day.
Speaking at The White House on Monday, The US President Said That Was Not Considering A Pause on New, Wide-Ranging Tariffs To Allow With Other Countries.
“We’re Not Looking At That. We Have Many Many, Many Countries That Are Negotiate With Deals, And There Are Going To Be Fair Deals,” Hey Told Reporsters.
Trump Reiterated His Threat Of Additional 50% Duties on Chinese Goods If Beijing Did Not Retract ITS Counter Tariff Plans by tuesday.
In a post on HIS Social Media PlatformTruth Social, The US President Said He Would Introduce The Extra Tariff Unless China Withdrew ITS OWN 34% Counter-Rariff On American Goods, What It Announced On Friday.
Trump Said Last Wednesday A Tax Of 34% on Chinese Imports As part of His SO-Called “Liberation Day” That placed a minimum 10% Levy On America’s Trading Partners.
IF He Does The Additional 50%, US Companies Would Pay A Total Rate Of 104% Chinese Imports.
The Total IS NOW 104% AS It Comes Top of 20% Tariffs Already put in Place in March and An extra 34% announced last week.
In HIS Post Truth Said China Had Countermeasure “Despite My Warning That Any That Retaliates Against The Us Issuing Additional Teriffs … Will Be Immediately Met New And Substantially Higher Tariffs”.
Beijing Shot Back, saying That “Pressuring or Threaturing China is not a right way to Engage”.
“The US Hegemonic Move’s’ Reciprocity ‘Serve ITS Selfish Interests at the Expense of Other Countries’ Legitimate Interests and Puts’ America First’ Over International Spokesperson Liu Pengeyu Said in A Statement. “This is a typical Move of Unilateralism, Bullying Protectionism and Economic.”
Speaking From The White House, The U.S. President Said There Could Be Both Permanent Tariffs and Negotiations.
“We Have $ 36 Trillion Debt For A Reason,” Hey Said Us Would Be Talking to China Among Other Countries to Make a “Fair Deal and A Good Deal”.
“It’s Now America First,” The US President Said.
The Escalating Tension Between the US and China has increased fears of a global trade war. The Tariffs Would A Major Blow to China’s Manufacturers, For Whom The US is Exports for Key Market.
Uncertainty Around The Tariffs LED to A Turbulent Day On Global Stock Markets.
Markets Worldwide Have Tumbled Semce Trump Announced Fresh Tariffs on Imports From Nearly All Economies.
The Value of US Opening Markets Dropped Sharply Again, While Europe’s Biggest Markets, Including London’s FTSE 100, Have All Coled More Than 4% Down.
Asian Share Indexes Nosedived, With Hong Kong’s Hang Seng Index Falling by More Than 13%, IT Biggest One-Day Fall Since 1997.
The Impact On The FTSE 100, America’s S & P 500, Germany’s Dax and Japan’s Nikkei has been wide-ranging.
Trump’s Post Also Indicated That Negotiations On Negotiations’ Tariff Rates “Will Begin Taking Place Immediately”.
Trump Met Benjamin Netanyahu, Israel’s Prime Minister, on Monday in the White House. Netanyahu Said That His Country Would the US Imbalance With The Us, which He said the Was “Right Thing to Do.”
“We Intend to Do It Quickly Quickly … and We’re Going to Also Eliminate Trade Barriers.”
Israel Faces a 17% tariff from April 9 Under Trump’s “Liberation Day” Policy.
The US President Also Posted in Earlier That Japan Was Sending A Negotiation Team to Discuss Tariffs.
And Ursula von der Leyen, The European Commission, Offered Trump A “Zero-For-Zero Tariff” Deal – Although She Previously Said That She Ruled Out Retaliation.
“We Are Prepared to Respond Through Countermeasures and Defend Our Interests,” She Said.
Trump Said Later That The Formed “to Really Do Damage to The United States and Trade”.
