Donald Trump threatened China with an additional tariff by 50 % on imported goods in the United States if the counter -tendency is not withdrawn by 34 %, as global markets continue to decrease.
Beijing took on Sunday, after Trump’s decision last week to manufacture a 34 % tax on Chinese imports as part of the “Tahrir Day”, which set a 10 % tax on almost all trading partners in America.
In a post on social media on Monday, Trump gave China until Tuesday to cancel his compensation or a 50 % tax.
In response, the Chinese embassy in the United States accused Washington of “economic bullying”, and said that Beijing “will firmly protect its rights and legitimate interests.”
If Trump is acting on his threat, US companies may face a total rate of 104 % on Chinese imports- as he is leading a 20 % already 20 % tariff in March and announced 34 % last week.
There are concerns that this can deepen a trade war between the world’s largest economists and world competitors.
In his position on the social truth, Trump also warned that “all talks with China regarding its required meetings with us [on tariffs] Will end! “
On Monday, the US president said he was not considering stopping the global import tariff to allow negotiations with other countries.
“We are not looking at this. We have many countries that will come to negotiate with us, and there will be fair deals,” he said.
Trump said that China has provided its compensation “despite my warning that any country discussed against the United States by issuing an additional tariff … will immediately meet a new tariff and a large extent.”
Beijing returned back, saying that “pressure on China or its threat is not a correct way to participate.”
“The US -dominant step in the name of” reciprocity “serves its selfish interests at the expense of the legal interests of other countries and puts” America first “on international rules,” Liu Bingio, a spokesman for the Chinese embassy, said in a statement.
“This is a typical step for vitality, fever and economic bullying.”
Speaking from the White House, the US president said that there could be a permanent tariff and negotiations.
“We have debts worth $ 36 million (28 million pounds) for some reason,” he said, adding that the United States will speak to China from other countries to conclude “a fair deal and good consent.”
“It is now America first,” Trump said.
The definitions will be a major blow to manufacturers in China, which the United States is a major market for exports.
The most important exports of China to the United States include electrical products and other machines, computers, furniture, games, vehicles and equipment.
The most important exports of the United States to China are oil seeds and grains, as well as aircraft, machinery and pharmaceutical preparations.
The uncertainty about the definitions led to a A turbulent day on global stock markets.
The markets have decreased all over the world since Trump declared global definitions.
The value of the American stock markets decreased sharply again when it opened on Monday, while the largest European market, including FTSE 100 in London, closed more than 4 %.
Asian stock indicators were subjected to Monday, as the Hang Singh Index in Hong Kong fell by more than 13 %, the largest decrease for one day since 1997. However, most of them showed a slight correction on Tuesday with the opening of most Portzs above.
The impact on FTSE 100, America’s S & P 500, DAX in Germany and Japanese Nikkei are wide.
The Trump post also indicated on Monday that negotiations on tariff prices in countries will begin “immediately happening.”
Trump Benjamin Netanyahu, Prime Minister of Israel, met on Monday at the White House. Netanyahu said that his country would eliminate the imbalance of the trade with the United States, which he said was “the right thing to do.”
“We intend to do this very quickly … and we will also eliminate commercial barriers.”
Israel faces a 17 % tariff from April 9 under Trump’s “Liberation Day” policy.
The US President also Earlier Japan was sending a negotiating team to discuss the definitions.
Ursula von der Layen, head of the European Commission, showed Trump the “Safaria History against Zero” deal-although she previously said she had not ruled out revenge.
“We are also ready to respond through counter -measures and defend our interests,” she said.
Trump later said that the European Union was formed “to damage the United States and trade.”
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