China Refuses To Back Down: Donald Trump Imposes Tariffs Of 104%!
In a move that further intensifies the economic tensions between Donald Trump and China, the White House has announced the implementation of additional tariffs of 104% on Chinese imports. This measure comes after China has seemingly maintained its own customs duties of 34% on American exports.
Donald Trump wants to bend China with record tariffs
Donald Trump’s initiative comes after his ultimatum issued to China yesterday… a direct response to Beijing’s resistance to lift its retaliatory tariffs. Effective this Tuesday, April 8, at noon, these new tariffs will take effect today, with collections beginning on April 9. The American president specified in a message posted on Truth Social that China was actively seeking to reach an agreement, but had not yet figured out how to initiate negotiations.
This escalation announced by White House Press Secretary, Karoline Leavitt, marks a crucial step in the ongoing trade war between the two economic giants. While the United States is attempting to exert maximum pressure on China to alter its trade practices, particularly regarding intellectual property and industrial subsidy practices, Beijing remains unyielding in its responses.
Italy ready to negotiate with Washington
The 104% tariffs imposed by Trump are the highest ever recorded in this trade war! A hard blow for American and Chinese companies dependent on the global supply chain. However, Donald Trump continues to defend his policy, arguing that these measures are essential to protect the economic interests of the United States.
On Italy’s side, Prime Minister Giorgia Meloni will travel to the United States to engage in negotiations with President Donald Trump regarding trade tariffs. This visit aims to discuss the rising economic tensions between the two countries, in the context of a global trade war, particularly with China.
As tensions rise, the future of economic relations between Washington and Beijing remains uncertain. Donald Trump seems confident that an agreement will eventually be signed, but the path to resolution appears to be fraught with obstacles. In the meantime, France and Europe are also preparing a response to the United States. What will Trump’s reaction be?
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The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.
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