Press Secretary Karolin Levit and Treasury Secretary Scott Besant broke the latest tariff changes of President Donald Trump, including increased tariffs on China and 90 days of stagnation on others.
Tariff tight-for-tat between the US and China again increased with the President on Wednesday Donald Trump Saying that it is immediately increasing the tariffs on Chinese goods on Chinese goods at Beijing’s “lack of respect” to the US, while other countries have to stop and reduce mutual tariffs.
Trump posted on his true social media platform, “At some point, hopefully, in the near future, China will realize that the day of closing the United States and other countries, no longer durable or acceptable.”
Trump has written that more than 75 other countries have asked American representatives to “interact on a solution” for the subjects relative to business, trade obstacles, tariffs, currency manipulation and non-monetary tariffs. He said that these countries, “on my strong suggestions,” have not retaliated against the US in any way.
Trump wrote that his Mutual tariff Other countries will be stopped for 90 days, during which the tariff rate will be 10%.
| Langer | Security | Last | Change | Change % |
|---|---|---|---|---|
| Me: DJI | Dow jones average | 40608.45 | +2,962.86 |
+7.87% |
| I: Comp | Nasdac overall index | 17124.972131 | +1,857.06 |
+12.16% |
| SP500 | S&P 500 | 5456.9 | +474.13 |
+9.52% |
His move sent the stock market to the rebound mode, with Dove Jones Industrial Average scored more than 2,962 points, the largest one day point gain, while Nasdaq Composite added 12% and S&P 500 added more than 9%.
Dow jones industrial average
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China is warned on currency moves, bond market ‘deleveraging’ is not a systemic issue
President Donald Trump participates in the National Republican Congress Committee (NRCC) dinner at the National Building Museum at Washington, DC on Tuesday. (Reuters / Nathan Howard / Reuters)
Trump’s move comes a few hours later China announced It was increasing its mutual tariffs on American goods by 34%.
China’s growth After Trump’s tariff came into effect immediately after Wednesday’s midnight, which imposed 104% tariff on Chinese goods in America
Commerce Secretary Howard Lutnik posted on X that the world is ready to work with Trump on business except China.
Trump pushed the ‘rebel’ Republican back on the tariff: ‘You don’t talk like I talk’
“Scott Besant and I sat with the President, while he wrote one of his most extraordinary truth positions of his presidential post,” Lutnik wrote. “The world is ready to work with President Trump to fix global trade, and China has chosen the opposite direction.”
In Trump’s tariffs that were effective in early Wednesday, including 20% ​​tariff on European Union products, 24% on Japan and 25% on South Korea.
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Before Wednesday, European Union announced Approval of retrenching tariffs at $ 23 billion in American goods as “counterichers” for Trump’s tariff, although it was stated that 27 remained open to leave the country’s block tariffs “should America agree to the result of a proper and balanced interaction.”
