Trump threatens China by increasing tariffs by another 50 percent
He wants to negotiate with other states.
Washington. US President Donald Trump He threatened China by increasing tariffs by another 50 percent if Beijing does not cancel retaliation, DPA and CNBC reports.
Trump wrote on his social platform Truth Social that he is giving Beijing time until Tuesday (April 8) to cancel duties of 34 percent to import from the US. China accepted in response to US duties.
« In addition, all talks with China will be canceled about the required meetings with us! Negotiations with other countries that also asked for meetings will start immediately, » he added.
US import duties from China would increase by 104 percent, if Trump had made this threat, the CNBC confirmed an unnamed White House representative.
Last week, Trump announced a 34 percent of China’s import duties, which will be added to an existing 20 percent duties.
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In the case of the European Union, Trump’s administration has set the amount of duties to 20 percent.
Commercial Commissioner Maroš Šefčovič On Monday, he said that the European Union is ready to discuss with the United States about zero industrial duties and zero duty for cars.
However, the agreed solution must be acceptable to both parties. « The European Union is ready to sit at the negotiating table whenever the United States will be ready, » Šefčovič told reporters. « But we will not wait endlessly, » he added.
