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Trump Tarifs on China Live Updates: There has been a war in America and China over tariffs. Both the Donald Trump or Xi Jinping leaders are not ready to back down at the moment.
Tariff war between America and China.
Us china tarif war 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%. A few hours after this announcement, 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 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.”