Live Trump introduces a 104 percent China to China: ‘Now he will earn $ 2 billion daily’

The United States announced on Tuesday that 104 % customs duties on import from China would enter into force shortly after midnight, while the administration of Donald Trump rapidly begins to start negotiations with other trade partners affected by the customs of the US president.

After the news has been published, the value of American shares has fallen. World markets have previously recorded gains in the hope that Trump may be ready to reduce a series of trade barriers that raise around the largest consumer market in the world.

The administration has scheduled negotiations with South Korea and Japan, two close allies and larger trade partners, and Italian Prime Minister Giorgia Meloni will visit the country next week.

However, the White House made it clear that the customs, which for some countries, would be up to 50 percent, will enter into force in 00.01 per East -American time as planned.

They will be particularly high for China after Trump has increased customs duties to import from the second largest economy of the world to 104 percent, as part of the answer to Beijing’s countermeasures last week.

China refused to obey something she called « blackmail » and promised to « fight to the end. »

Trump administration officials said negotiations with China would not have a priority.

Trump’s customs have led to fear of recession and disrupted the world’s trade order.

« So far, we have received instructions to give priority to our allies and our trade partners such as Japan and Korea and others, » Kevin Hassett’s Fox House advisor told Fox News.

The White House has announced that Trump has ordered his trading team to create « custom -made agreements » for almost 70 countries who have requested negotiations.

The main trade negotiator of US President Jamieson Greer told Congress that his office seeks to work rapidly, but that he did not face a certain time period.

« The president was clear, again, that he would not make exceptions or exemptions at times, » Greer told the laws.

China is being prepared for a war of exhaustion, and manufacturers warn of the consequences for revenue and seek to quickly prepare plans for new foreign plants.

The World Investment Bank Citi has reduced its prognosis for the growth of Chinese GDP from 4.7 to 4.2 percent and cited external risks as a reason.

Three of the four Americans expect prices to increase after they enter into force of Trump’s customs duties, according to the Reuters/Ipsos survey.

Micron chip manufacturer has announced to consumers that they will introduce additional fees related to customs on Wednesday, and US clothing salesmen have said to delay orders and employment of new employees.

In the meantime, the European Commission considers counters in the form of customs of 25 percent to the entire range of American goods, including soybean grains, nuts and sausages, but other potential products such as bourbon have been left out of the list.

Officials said they were ready for negotiations. The block of 27 members encounters difficulties with the already existing customs on cars and metals, and is facing the 20 % customs duties on other products on Wednesday.

Trump also threatened to introduce customs for alcoholic beverages from the European Union.

European pharmaceutical companies, which also fear the negative consequences of customs, warned at the meeting, the President of the Commission Ursul von der Leyen that Trump’s customs can accelerate the transfer of industry from Europe to the United States.