US President Donald Trump announced a 90 -day “break” of mutual tariffs for all countries except China. Trump raised tariffs to Chinese products to 125 percent after Beijing announced a new round of retaliation measures.
The details were not immediately clear, but Trump’s administration said the US would have its 10% basic tariffs in most countries. The shares after Trump’s conversion immediately achieved steep profits.
“I allowed a 90 -day pause and in this period, 10%, is also immediately effective, also in this period, by 10%, even immediately,” ” Trump Published on the truth of social media.
Trump’s tournament on Wednesday came less than 24 hours after the steep new tariffs launched most of the business partners. She followed the most intense episode of the financial market volatility from the first days of Covid-19 pandemic.
Here’s all you need to know about Trump’s delay:
1. What happens now?
Countries that have been affected by mutual obligations that come into force on Wednesday will now be taxed for earlier 10% of the basic rates applied to other nations, with the exception of China, said the White House official Bloomberg.
American tariffs for steel, aluminum and cars remain at present, the official said.
Meanwhile, 10% or 25% tariffs on Canadian and Mexican goods, except for which the North American trade agreement applies, will remain the same, the official added.
According to an official, EU imports face 10%, even though the block has announced retaliation on metal tariffs because the EU measure has not yet been taken.
2. Why Trump increased the rate of tariffs only for China
Trump’s decision to even further increase import tax on China came after Beijing announced plans to retaliate with 84% duty on American goods that will start on Thursday.
The Trump administration especially focused on China because of its business practices and combat access to the President’s tariffs.
“Based on the lack of respect, which China has shown to the world market, so I increase the tariff charged to China by the United States to 125%,” Trump said in a post on social media.
Trump later told reporters that he announced, “A 90 -day pause for people who did not pay because I told them if the retaliation, we would double it … And that’s what I did with China because they had a retaliation.”
Later White house Published on X: “Don’t Mainter and You’ll be rewarded.”
On Wednesday, China slapped 50% of tariffs on US goods, raised fees from 34% to 84% and retaliated against the punishment of the new round of President Donald Trump’s tariffs, shifting obligations against Chinese goods to 104% before.
3 .. “China wants to make an agreement”
Trump on Wednesday told the media that “China wants to conclude an agreement. They just don’t know how quite it is.” He added: “(Chinese President) XI is a smart man and eventually we made a very good business.
He called the Chinese leader “one of the smartest people in the world” and “a man who knows exactly what to do, loves his country”.
The US President later predicted that Chinese President Xi Jinping or his team would come to the table to negotiate despite their defiant posture. “At some point we will be a phone call and it will be at the races,” Trump said.
“It’s going to be a great thing for them. It’s going to be a great thing for us. It’s going to be a great thing for the world and humanity,” Trump Bloomberg quoted.
4. Country in interviews with us after a 90 -day break
Trump said that more than 75 countries contacted its administration to negotiate business barriers and “in my strong proposal in any way, in shape or form”.
Vietnam and the US agreed to start negotiations on the “reciprocal” trade agreement after interviews in Washington. Meanwhile, the United Kingdom will continue “cold and calm” negotiations.
The reigning South Korea President Han Duck-Soo said on Thursday that the government will try to negotiate with the US on tariffs in an effort to shake the burden, Yonhap press agency.
The Japanese official also said that the country would continue to urgent on US President Donald Trump to review his tariff measures.
5. Lands on the ground take care of a 90 -day break
Here is a view of the complete list of Trump tariffs that was originally endangered – and a new updated Earth rate:
CountryOriginal tariffRevised tariffChina34%125%European Union20%10%Vietnam46%10%Tai -Wan32%10%Japan24%10%India26%10%South Korea25%10%Thailand36%10%Swiss 31%10%Indonesia32%10%Malaysia24%10% Africa30%10%Brazil10%10%Bangladesh37%10%Singapore10%10%Israel17%10%Philippines17%10%Chile10%10%Australia 10%10%Pakistan29%10%Turkey10%10%SRI LANKA44%10%Colombia10%10%Peru10%10%Nicaragua18%10%Norway15%10%Costa Rica10%10%Jordan20%10%Dominican Republic10%10%United Arabic Emirates 10%10%Madagascar47%10%Myanmar44%10%tunia28%10%Kazakhstan27%10%serbia37%10%Egypt10%10%Saudoria d’voire21%10%laos48%10%botswana37%10%trinidad and Tobago10%10%Morocco 10%10%Algeria30%10%Oman10%10%Uruguay10%10%Bahamas 10%Lesotho50%10%Ukraine 10%10%Bahrain10%10%Qatar10%10%Mauritius40%10%Fiji32%10%Iceland 10%10%Kenya10%10%Lichtenstein37%10%Guyana38%10%Haiti10%10%Bosnia and Herzegovina35%10%Nigeria14%10%Namibia21%10%Brunei24%10%Bolivia 10%10%Panama10%10%Venezuela15%10%Northern Macedonia33%10%ethiopia10%10%Ghana 10%10%10%10%10%10%10%10%10%10%10%10%10%10%DEMOCRATIC REPUBLIC CONGO 11%10%Jamica10%10%Mozambik16%10%Paraguay10%10%Zambia17%10%Lebanon10%10%10%10%10 RGIA10%10%Senegal10%10%Azerbaijan 10%10%Cameroon11%10%Uganda10%10%Albania 10%10%Armenia10%10%Nepal10%10%Sint Maarten10%10%Falkland Islands 41%10%Gabon10%10%10%10%10%10% Guinea10%10%Malawi17%10%liberia10%10%British virgin virgin virgin virgin islands 10%10%Afghanistan10%10%Zimbabwe18%10%Benin10%10%Barbados 10%10%Monaco10%10%Syria 41%10%Uzbekistan 10%DJIBouti10%10%Polynesia10%10%Kayman Islands10%10%Kosovo10%10%Curaçao10%10%Vanuat22%10%RWANDA10%10%Sierra Leone10%10%Mongolia10%10%San Marino10%10%Antigua And Barbuda10%10%Bermuda10%10%Eswatini10%10%Marshall Islands10%10%Saint Pierre and Miquelon10%10%Saint Kitts and NEVIS10%10%Turkmenistan10%10%Grenada10%10%Sudan 10%Turks and Caicos Islands 10%10%Aruba10%10%10%10%Helena 10%10%Kyrgyzstan 10%10%10%10%Holy Vincent Vincent 10%10%Libya31%10%Samoa10%10%Guinea10%10%Timor-Leste110%10%Montserrat10%10%CAD13%10%Malidives10%10%10%Tajikistal 10%10%10%10%10%10%10%10%10%10%10% Verde10%10%BURUNDI10%10%GUADELouPE10%10%BHTAN10%10%Martinique 10%10%Tonga10%10%Mauritania10%10%10%10%Micronesia 10%10%Gambia10%10%French Guiana 10%10%10%10%Central Republic Islands10%10%Mayotte10%10%Anguilla10%10%Cocos (Keeling) Islands10%10%Eritrea10%10%Cook Islands10%10%SUDan10%10%Comoros10%10%Kiribati10%10 Island10%10%Gibraltar10%10%Tuvalu10%10%British Indian Ocean Territory 10%10%tokelau10%10%Guinea-Bissau10
(With the entry from agencies)
(Tagstotranslate) Donald Trump
