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Trump Tariff News Live: There has been a war in America and China over tariffs. Donald Trump has given 90 days immediate relief to the rest of the countries. However, after a record surge on Wednesday, the US market on Thursday has a drastic decline …Read more
Tariff war between America and China.
Trump Tariff News Today Live Updates: The tariff between the US and China remains intact. US President Donald Trump on Wednesday increased the tariff on Chinese products by 125%. However, on Thursday, the White House has made it clear that the total tariff on China is not 125%, but 145%. China retaliated and implemented 84% Retailater Tariff on imports from the US. China’s Foreign Ministry said that this US strategy ‘will not win the support of the people and will finally fail.’ China made it clear that it does not want to fight, but will not be afraid of America’s threats. However, the Chinese Ministry of Commerce said that the door is open for talks and is expected to find a solution from the US on the basis of ‘mutual honor’ and ‘Win-Win Cooperation’. Meanwhile, Trump has given 90 days exemption in tariffs for 75 countries, but China has been excluded from it. Trump praised Chinese President Xi Jinping and hoped that there would be a good agreement soon. After the announcement of Trump, there has been a tremendous jump in the global markets.
Trump Tarif News Live: Strong decline in US markets
US stock markets today started trading with a decline. Yesterday, after the immediate relief in the tariff from President Donald Trump, there was a tremendous rise in the markets. Today, due to uncertainty, the decline in shares, companies are trying to understand the impact of tariff relief. Tesla’s shares fell 6%, as the company depends on the priests imported from China. Other import-based companies like Apple, Nvidia are also in red mark.
Trump Tarif News: ‘US offers from 15 countries on tariff’
America has received a clear deal proposal regarding trade duty (tariff) from about 15 countries of the world. This information has been given by the top economic advisor Kevin Haset of the White House. National Economic Council Director Haset said that it is based on the 90 -day Tariff Pause “cordial conversation” and these proposals have come under it. Haset said, ‘We hope that many world leaders will come to the White House in the coming weeks.’ He said that the US Trade Representative (USTR) has informed that about 15 countries have clearly proposed tariff deals to the US, which the US is studying. After reviewing these proposals, it will be decided whether they should be introduced to the President.
Us China Tariff Live: China contacted other countries
After the US imposed 125% tariffs on Chinese goods, China has started an attempt to create an anti-America front by increasing contact with the European Union (EU) and ASEAN countries. Chinese Prime Minister Li Kiang interacted with EU president Ursula von Der Leyen over phone. Commerce Minister Wang Vento spoke to ASEAN countries and EU Trade Commissioner. China has described American tariff as ‘violation of WTO rules’.
Trump Tariff News Live: EU banned 90 days on counter -tariffs
European Commission Chairman Ursula von Der Leyen announced that the European Union (EU) would give a break of 90 days on imposing anti -anti -counter tariffs against the US. The decision has come after tariff pose announced by US President Donald Trump, in which he has reduced the fee on other countries except China to 10%.
Trump Tariff News Live: What did Chinese media say on Trump’s tariff?
Despite the softening of Trump, China has responded by applying 84% tariff on imported goods from America. People’s Daily termed the US policy as ‘Tariff Bulling’ and said that China has taken lessons from the struggle in the last eight years and has flexibility. The White House has made it clear that the pressure strategy on China is not over yet. Trump in the end said, ‘This is a negotiation, and flexibility is necessary in it. We will make an agreement that is fair for everyone.
Trump Tariff News Live: Trump still expects a compromise, said – Xi Jinping is smart, will be a deal
US President Donald Trump expressed confidence that the trade agreement between the US and China is still possible, even though the tension between the two superpowers is at its peak. Trump has increased tariffs by 125% on Chinese products, causing conflict and deepening. Talking to reporters at the White House, Trump praised Chinese President Xi Jinping and called him ‘one of the smartest people in the world’ and said, ‘We will make a good compromise.’ He indicated that he is ready for a direct conversation with Xi and said, “There will be a time when we will get a phone call from China and everything will move forward rapidly.”