Donald Trump threatens new 50% tariffs on China

Donald Trump threatened China with a 50%tariff on products imported into the United States unless the global market continued to decline.

Beijing retaliated last Sunday last week that Trump would destroy 34 percent of taxes on China’s income as part of his “Liberation Day” last week.

On Monday’s social media posts, Trump withdrew opposition to China by Tuesday or faced 50%of taxes.

China’s Commerce Department classified additional charges as “mistakes on mistakes.”

If Trump acts on his threat, US companies can face a total of 104 percent of China’s income. In March, a 20%tariff occurred and 34%announced last week.

There is a fear that this can deepen the trade war between the world’s largest economy and global rivals.

Trump said in his position on the truth society, “All conversations with China on the requested meeting with us [on tariffs] End! “

Also on Monday, the US president said he did not consider temporary suspension of global import tariffs to allow negotiations with other countries.

“We are not seeing it. We are negotiating with us and there will be fair trade,” he said.

Trump said, “In spite of the warnings that the countries that retaliate for the United States by issuing additional tariffs, they immediately fulfilled new and practically higher tariffs.

Beijing said, “Pressing or threatening China is not the right way to participate.”

A spokesman for Liu Pengyu, a Chinese embassy spokesman, said in a statement, “The US hegemony movements under the name of ‘mutuality’ provided selfish interests and entrusted the first American rules for international rules.”

“This is a typical movement of unilateralism, protectionism and economic harassment.”

In the White House, the US president said that there could be permanent tariffs and negotiations.

“We have 36TN (28TN) debt for reasons,” he added. He added that the United States will talk to China to create “fair and good deals” among other countries.

Trump said, “It is now the first in America.

Targets will be a big blow to the US manufacturer, which is the core market of exports.

China’s best exports include electrical and other machines, computers, furniture, toys, vehicles and equipment.

The highest exports to China in the United States are petroleum seeds and grains as well as aircraft, machinery and pharmaceuticals.

The uncertainty of tariffs led to A Turbulence in the global stock market.

Since Trump announced its global tariffs, the global market has plummeted.

The value of the stock market decreased again on Monday, but later weakened the loss, but the largest market in Europe, including FTSE 100 in London, decreased by more than 4%.

The Asian market share index has been on Monday, with Hong Kong’s destination index on Monday, falling more than 13%in the fall since 1997. But most major markets have gained notable exceptions on Tuesday.

The main index of mainland China was extensive on Tuesday morning, but there were more losses in Taiwan and Singapore. After the end of the national vacation, Thailand and Indonesia have seen stocks decrease by more than 4% and 9%, respectively.

According to Trump’s position on Monday, negotiations on the tariff rate of the state will “start immediately.”

Trump met with Israeli Prime Minister Benjamin Netanyahu on Monday. Netanyahu said his country would eliminate trade imbalances with the United States.

“We plan to do it very quickly … we will also remove trade barriers.”

Israel is facing 17% tariffs in accordance with Trump’s “Liberation Day” policy since April 9.

US President Previously posted Japan was dispatching a negotiation team to discuss tariffs.

And Ursula von der Leyen, the president of the European Commission, provided Trump a “zero-zero tariff” transaction. But she said she did not exclude retaliation before.

“We are also ready to respond through measures and defend our interests,” she said.

Trump later said the EU was formed to “actually damage and trade in the United States.”