Donald Trump threatens a 50 % new tariff for China

Donald Trump threatened China with an additional tariff of 50 % on the goods that were imported to the United States if they did not withdraw counter measures, as global markets fell for the third day.

Speaking at the White House on Monday, the US president said he was not considering stopping the wide new customs tariff to allow negotiations with other countries.

“We are not looking at this. We have many countries that come to negotiate with us, and there will be fair deals,” he told reporters.

Trump reiterated an additional 50 % duties on Chinese goods if Beijing did not back down from Tuesday’s tariffs.

In a publication on Social media platformThe social fact, the US president said that he would provide the additional tariff unless China withdraws its 34 % counter -width on American goods, which it announced on Friday.

Trump said last Wednesday that he would impose a 34 % tax on Chinese imports as part of the so -called “liberation day”, which has placed at least 10 % on all trading partners in America.

If an additional 50 % is imposed, American companies will pay a total of 104 % on Chinese imports.

The total is now 104 %, as it leads 20 % of the customs tariff that is already placed in March and an additional 34 % announcement last week.

In his position on the social truth, Trump said that China has provided its counter -actions “despite my warning that any country discussed against the United States by issuing an additional tariff … will immediately meet a new tariff and a large extent.”

Beijing returned back, saying that “pressure on China or its threat is not a correct way to participate.”

“The US -dominant move in the name of” reciprocity “serves its selfish interests at the expense of the interests of other countries,” and “America first” is placed on international rules. “This is a model step for vitality, protectionism and economic bullying.”

Speaking from the White House, the US president said that there could be a permanent tariff and negotiations.

“We have debts worth $ 36 trillion for some reason,” he said, adding that the United States will speak to China from other countries to conclude “a fair and good deal.”

“It is now America first,” the US President said.

The escalating tension between the United States and China has increased the fears of a global trade war. The definitions will be a major blow to manufacturers in China, which the United States is a major market for exports.

The uncertainty about the definitions led to a A turbulent day on global stock markets.

Markets have fallen around the world since Trump has declared new definitions of imports from almost all economies.

The value of American stock markets decreased sharply again at the opening, while the largest market in Europe, including FTSE 100 in London, all closed more than 4 %.

The unloaded Asian stock indexes, with the Hanging Kong index of Hong Kong decreased by 13 %, the largest decrease for one day since 1997.

The impact on FTSE 100, America’s S & P 500, DAX in Germany and Japanese Nikkei are wide.

The Trump post also indicated that negotiations on the tariff rates “will start immediately”.

Trump Benjamin Netanyahu, Prime Minister of Israel, met on Monday at the White House. Netanyahu said that his country would eliminate the imbalance of the trade with the United States, which he said was “the right thing to do.”

“We intend to do this very quickly … and we will also eliminate commercial barriers.”

Israel faces a 17 % tariff from April 9 under Trump’s “Liberation Day” policy.

The US President also Earlier Japan was sending a negotiating team to discuss the definitions.

Ursula von der Layen, head of the European Commission, showed Trump the “Safaria History against Zero” deal-although she previously said she had not ruled out revenge.

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

Trump later said that the European Union may be “damage to the United States and trade.”