Trump pauses higher tariffs for 90 days but China trade war escalates

President Donald Trump announced a 90 -day suspension for countries with high US tariffs, but the trade war with China expanded.

Trump says negotiations continue just a few hours after the imposition of about 60 people of US trading partners, as negotiations continue to approve universal “10%mutual tariffs”.

At the same time, he increased his tariffs on China’s products to 125%, and Beijing condemned “lack of respect” after saying that it would impose 84%tariffs on US imports.

This comes a week after Trump We announced the income tax for all products entering the United StatesIn the largest international trade for decades.

His plan set up a 10%standard tariff for all imports, but set a higher rate for the White House’s partner, describing the “worst criminal” for the president’s regard as unfair trade practices.

This includes the European Union, Vietnam, and South Africa, all of which have received more than 11% to 100% US tariffs.

The chaos in the major markets last week, followed by Trump’s announcement, and many Americans who are afraid of the world’s losses and prices, and some analysts predicted that the probability of stagnation will increase.

On Wednesday, Trump’s interest rate rose to the highest level since February, with a 4.5%increase in interest rates due to a surge in debt before it stopped high tariffs on countries other than China.

After a few hours, when the change is announced US stocks rising 7% with S & P 500 in the afternoon transaction. Later, Dow Jones rose 9.5%of the day’s transactions during a 7.8%surge.

Trump said he announced his latest plan for the truth society and approved the 90 -day suspension of tariffs on countries that did not retaliate on his charges.

He said that additional tariffs on Beijing would be effective immediately. “At some point, in the near future, China will realize that the era of withdrawal of the United States and other countries can no longer be sustainable or accepted,” he said.

Scott Bessent, the US Treasury Secretary, claimed that the change of policy was not affected by the world’s waterfalls, but the chief Democratic Party Chuck Schumer said Trump is “retreating with release.”

Trump said outside the White House and later the amendment to the tariff policy said that people should be “because they were receiving Yipppy.”

“I had a 90 -day suspension for those who did not retaliate,” if we retaliate, we will double it, “and that is what I did.

In the UK, which is not already affected by the change of the country, which is receiving a 10% tariff, 10 spokesman said, “Trade war is no profit.”

One source also said that Washington’s development showed “cool and calm repayment.”

Last week, when Trump announced a new tariff, the continuous standoff between China and the United States, the world’s two largest economies, began.

China faced an additional 34% tariff on the 20% imposition of the president earlier this year. But Beijing quickly retaliated with 34%of the tariffs on US imports.

As a result, Trump threatened an additional 50%and a total of 104%on Tuesday if Beijing didn’t collapse. China has not changed the course, and if the United States claims to create a tariff or trade war, he will fight to the end.

Beijing announced that it will increase its own tariffs on US products from 34%to 84%from Thursday, a few hours after the US 104%tariff began early.

Lin Jian said on Wednesday that the US spokesman for China said on Wednesday that the US continues to impose tariffs on China.

He said China opposes such “harassment practices,” and if he hopes to solve the problem through negotiations, the United States should show “equality, mutual respect, and mutual attitude.”

According to the prediction of the World Trade Organization, the deterioration between the two countries can drop 80% of the decline in product trade to 80%.

Dr. NGOZI OKONJO-IWEALA of the WTO said, “Our evaluation, which is information by the latest development, emphasizes the actual risks related to additional escalations.

Trump’s latest plan, far from China, has not already affected other tariffs recently announced.

This includes 25%of imported taxes for automotive and automotive parts that fermented on April 2, and 25%of tariffs for all steel and aluminum imports.

At the beginning of Wednesday, the European Union approved the first retaliation for the United States, which will take effect on April 15. Trump’s list of “worst criminals” trading partners is expected to receive a 20%custom tariff.

However, since the EU’s retaliation tariffs have not yet been fermented, the White House has been included in the list of nationals that will be limited to 10%.

Meanwhile, the so -called reference rate was not applied to Canada and Mexico (major trading partners in the United States), and the White House official said it could not receive a 10% tariff.