Trump’s new tariff, in fact, including 104 % on China

President Trump’s tariff for imports from dozens of countries entered into force on Wednesday, including 104 % on goods from China, which greatly increases a possible global trade war. Customs duties acquired 12:01 am EST.

In the wake of the imposition of experimental fees by 10 percent, it rocked the global economy since the seizure of the weekend, and import prices to the United States increased by exporters such as the European Union or Japan on Wednesday.

China – the best economic competitor in Washington but also a major commercial partner – is the most difficult blow.

Mr. Trump said on Tuesday that his government is working on “designed deals” with commercial partners, as the White House said it would give priority to allies such as Japan and South Korea.

His Supreme Commercial official, Jameson Jarir, told the Senate that Argentina, Vietnam and Israel were among those who offered to reduce the customs tariff.

The president told a dinner with his Republican colleagues on Tuesday night that the countries were keen to make a deal.

But Beijing did not show any signs of standing, and pledged to the movement of the trade war “to the end” and promising anti -measures to defend its interests.

The 34 % Chinese retaliatory definitions are scheduled to enter the American goods on Thursday.

The president says that his policy will revive the lost manufacturing base in America by forcing companies to move to the United States.

But many business and economists are wondering how quickly it – if any – can happen, warns of high inflation while raising price definitions.

Mr. Trump said on Tuesday that the United States “takes nearly two billion dollars a day” from the definitions.

It originally revealed an additional tariff of 34 percent on Chinese goods.

But after facing China with its tariff for the same amount on American products, Trump added another 50 percent duty.

The account of the existing fees imposed in February and March will take the increased cumulative tariff for Chinese goods during the second presidency of Mr. Trump to 104 percent.

He insisted that the ball was in the Chinese court, saying that Beijing “wants to make a deal badly, but they do not know how to start.”

Late Tuesday, Mr. Trump also said that the United States will announce a large tariff for drugs “very soon”.

Separately, Canada said its definitions on some US car imports will enter into force on Wednesday.

The European Union sought to calm tensions, with block -Orsola von der Lin warning against the exacerbation of the trade conflict in an invitation with Chinese Prime Minister Lee Qiang.

She stressed the stability of the world’s economy, as well as “the need to avoid more escalation.”

Chinese Prime Minister von der Lin told his country that could overcome the storm, saying it was “completely confident in maintaining continuous and healthy economic development.”

The European Union – which was criticized by Mr. Trump because of his introductory system – may reveal his response next week to the 20 percent confrontation he faces.

Practics against American graphics from steel and aluminum that entered into force last month, the European Union plans a tariff of up to 25 percent on American goods ranging from soybeans to motorcycles, according to AFP document.