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Donald Trump threatened China an additional tariff of 50% on goods imported to the US if it did not respond to counter -rollers, as the world markets collapsed on the third day.
Speaking at the White House on Monday, the US president said he did not pause for new tariffs to allow negotiations with other countries.
“We don’t look at it. We have many, many countries that are going to negotiate with us, and there will be fair deals,” he said.
Trump once again confirmed his threat of 50% of Chinese goods, if Beijing did not give up his plans until Tuesday. When laid out, US companies that bring certain goods from China may face 104%.
In a message on it Social media platformHowever, Trump said he would introduce an additional tariff if China did not abandon its own 34% counter -connection with the American goods he announced on Friday.
Last Wednesday, Trump said he would impose a 34% tax on Chinese imports as part of his Liberation Day, which placed at least 10% collection of almost all trading partners in America.
When it imposes it, US companies will pay a total rate of 104% on Chinese imports- because it came for 20% of the tariffs already created in March, and last week 34% announced.
Trump said China has introduced its counter -rumming “despite my warning that any country, which is a beyond, issuing additional tariffs … would meet with new and much higher tariffs immediately.”
Beijing retreated back, saying that “pressure or threat China is not the right way.”
The “hegeman’s hegeman in the name of” reciprocity “serves as selfish interests at the expense of the legitimate interests of other countries and puts” America “over international rules,” China Pengu’s press secretary said in a statement.
“This is a typical step of one -sided, protectionism and economic bullying.”
Speaking from the White House, the US president said there could be both permanent tariffs and negotiations.
“We have a $ 36 trillion debt,” he said, adding that the United States will talk to China among other countries to do a “just business”.
“Now is America,” the US president said.
Escalation of tension between the US and China has increased the fear of the global trade war. Tariffs would come as China’s main blow for which the US is a key export market.
Uncertainty around tariffs led to A rapid day in the world’s stock markets.
Markets around the world have collapsed since Trump has announced fresh import tariffs of almost all economies.
The value of the US stock markets declined sharply at the opening, while Europe’s largest markets, including London FTSE 100, closed more than 4%.
Asian indexes have been planted, with Hong Kong Hang Seng Index by more than 13%, its largest one -day drop since 1997.
Effect on FTSE 100, American S&P 500, DAX Germany and Japanese Nikkei were wide.
Trump’s message also noted that talks on tariff rates of countries “will start at once”.
On Monday, Trump met with Benjamin Netanyahu, Prime Minister Israel on Monday. Netanyahu said his country was eliminating a trade imbalance from the US, which he said was “to do the right”.
“We intend to do it very quickly … and we also eliminate trading barriers.”
Israel is facing a 17% tariff since April 9 as part of Trump’s Day.
US president is also Posted earlier that Japan sent a negotiating group to discuss tariffs.
And the President of the European Commission Ursul von der Leyen suggested Trump “tariff for zero” -What she had previously said she did not rule out revenge.
“We are also ready to respond through counteraction and defend our interests,” she said.
Later, Trump said the EU was formed “to really harm the United States and trade.”
