China strikes back with further tariffs

The customs conflict between the United States and China is heading. In response to other US tariffs of 50 percent, Beijing has announced to the same extent. The Chinese leadership said that the special tariffs on all US imports, which were initially created for 34 percent on all US imports are now to be 84 percent and come into force on Thursday.

The trade conflict of the two largest economies in the world thus reaches another escalation level. On the night of Wednesday at 0:01 a.m. local time (6.01 CEST), further special tariffs against goods from China, which are now a total of 104 percent, came into force. Compared to other countries that operate with the USA, China is affected by particularly high tariffs.

Trump is waiting for a call from Beijing

US President Donald Trump had previously announced further special surcharges of another 50 percent for China. He reacted to Beijings announced counter -tariffs of 34 percent. The People’s Republic had already threatened to react to US tariffs with its own measures.

The US President wants to correct alleged trade weights with tariffs and shift production to the USA. At the same time, customs income should serve to at least partially counter -financed tax cuts promised in the election campaign.

At the same time, the new US special tariffs also came into force against many other countries on Wednesday. 20 percent apply to the EU, and even higher taxes are due for imports from other countries. With his aggressive customs policy, Trump spreads great uncertainty worldwide.