America’s another big announcement on tariff, 104 percent tariff imposed on China
Washington:
The conflict between the US and China over the tariff is constantly increasing. Now the US has announced a total of 104 percent tariffs on China’s imports. The new tariff will be applicable from tomorrow. A statement has been issued by the White House regarding this. US President Donald Trump had threatened China to impose 50 percent of additional tariffs a day earlier, which he completed today. With this, America’s new tariff on China has reached 104 percent unprecedented.
After the US President’s order to impose tariffs, China had announced a 34 per cent tariff on the US, while retaliating. After this, in less than 48 hours, Trump retaliated and said that if China does not withdraw the increase of tariff, then we will impose tariffs and it will be applicable from 9 April. China had earlier challenged America to do so today, which was announced by Donald Trump in a few hours.
Understand 104% tariff mathematics in this way
By the last month, the US used to impose 10 percent tariffs on China, about which President Trump had said to be billions of dollars from the US economy. After this, the US President announced his “reciperook tariff”. According to this, now America will charge about half of the tariff from other countries, which the country had taken from America. This was an additional 34 percent for China, causing Beijing figure to 44 percent.
A few minutes after the announcement of President Trump, the White House said that America will collect 10 percent of additional non-secular tariffs from the whole world. He said that this is a step to fill the American Federal Reserve, after which China’s tariff increased to 54 percent.
Now with today’s “additional 50 percent tariff”, China will now have to repay the unprecedented tariff of 104 percent. This is an increase of about 100 percent in less than a week. However, Trump has still left the door to compromise for China. Its social media platform Truth wrote in a post on social social that China also wants to deal, but they do not know how to start it. We are waiting for his call.
Trump threatened to end the conversation
US President Donald Trump had said that if China did not withdraw the tariff, 50 percent of additional tariffs will be imposed on goods coming from China and the White House has confirmed his announcement, after which the tariff will increase to 104 percent.
Along with this, the US President also threatened to end all conversations with China in the midst of increasing tariff war globally. Trump had said that countries which have not put a counter -tariff on American tariffs will be given a chance to negotiate.
Trump refuses to change his policies
The stock markets on Tuesday saw some rise in despite the increasing tension between US and China, which lasted for several days over an aggressive stance on the tariff of US President Donald Trump.
Let us know that Trump has shook the world’s economy by widely tariff, which has increased the possibility of international recession. Despite heavy selling in the market, he has refused to put any kind of ban in his aggressive trade policy.
