A 84 -percent revenge tariff in China on American goods running Donald Trump News

A sharp tariff erupted by 84 percent on all the United States’s commodities entering China, which increased a trade war with Washington with the call for dialogue “on the basis of mutual respect and equality.

The new rate – a 50 percent increase on the previous 34 percent Beijing tax on American goods – entered 12:01 am (04:00 GMT) on Thursday, according to the Chinese State Board of Directors. It applies to all American products that enter the second largest economy in the world, which, according to the office of the American Trade Representative, reached 143.5 billion dollars last year.

This represents the high revenge tariff in China in response to the duties of the United States on Chinese imports, which now Standing by 125 percent. Besides the new definitions, Beijing also included 18 American companies, including the Sierra Nevada Corporation.

On Thursday, the Chinese Ministry of Commerce said that China is open to dialogue with the United States, but this should be on the basis of mutual respect and equality.

Pressure, threats and blackmail are not the correct way to deal with China, and the ministry spokesman, Yongsian, said to him a journalist when asked whether the world’s largest economist has started customs tariff negotiations.

He added that China “will continue to the end” if the United States insists on its own way.

The General Manager of the World Trade Organization Ngzi Okonjo-Eyala has warned that the escalating trade dispute can reduce the trade of the United States of China by up to 80 percent, with serious effects on the global economy.

She said: “It is especially anxious, the possible fragmentation of global trade along the geopolitical lines.” “The division of the global economy into two blocks can lead to a long -term decrease in the global real GDP by almost 7 percent.”

“Nothing is over yet.”

The American -Chinese dream comes as TAT ​​as US President Donald Trump Walk again A wider set of global definitions that sparked a sharp sale in the stock market and fears of recession.

On Wednesday, Trump announced a 90-day temporary stop from the “mutual” tariff that was previously announced that targets about 60 countries-with the exception of China-leaving a 10 % basic tariff.

The markets responded by reducing: S& P 500 and NASDAQ stock indicators in the United States increased 9.5 percent and 12.16 percent, respectively, which led to a brutal decrease for a week.

The stocks rose throughout Asia on Thursday, with gains in Hong Kong, Tokyo, Tibbeh, Australia, Indonesia and Singapore.

The White House said that the tariff pause was a reward for countries that refrained from revenge on the American commercial moves. Meanwhile, Trump criticized China to show “disrespect” towards global markets and “tearing up the United States”.

However, later in the day, Trump hit a more reconciliation tone and left the door open to an agreement with China.

“See, nothing yet, but we have a great deal of spirit from other countries, including China,” Trump said outside the White House. He insisted that Beijing “wants to make a deal” but “you don’t know completely how to do it.”

“It’s one of these things. They are proud people,” Trump said.

China will continue to take revenge.

However, analysts warned that Trump’s hard -line approach to China could prolong the confrontation.

“I think if the current style stands, China will continue to take revenge until there begins there is a kind of progress,” said Sofia Bush, assistant director at the Atlantic Geological Economy Center. “We have seen that Beijing is very comfortable and has a lot of practice with these types of forced economic tools.”

“It is possible that Trump’s individuals of China will enhance the opinion in Beijing that there is a coherent strategic plan to contain and suppress China,” said Bill Bishop, American journalist and Chinese analyst.

Trump defended the customs tariff policy as a way to revive American manufacturing by pressing companies to reproduce to the country. He argues that China, in particular, is undermining American industries by “throwing” cheap excess commodities on global markets.

As tensions continue, China warned on Wednesday its citizens against “assessing full risk” before traveling to the United States.