The White House tells us to raise the tariff of China to 104 % after Beijing missed the deadline

The White House indicates that the new customs tariff for Chinese imports enter into force after the Chinese government was absent to a deadline to raise the retaliatory definitions imposed in response to the president Donald Trump Definitions.

White House journalist Caroline Levitte said on Tuesday that, as China refused to raise the tariff of revenge, the president’s additional tariff imposed on the top of the previously imposed tariffs by 20 % and 34 %, which led to a total possibility A tariff on Chinese goods To 104 %.

She added that the customs duties entered the back on East time on Tuesday, with the tariff group began on Wednesday. Levitte said that trade partners in the United States should come to management with deals to improve trade conditions.

“The president’s message was simple and consistent from the beginning of countries all over the world – bring to us your best offers and he will listen,” Levitte said during a White House press conference on Tuesday. “Dealms will not be made unless American workers are useful and the trade deficit in our nation is tackled.”

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Levitte said in contrast to that, China Revenge definitions Trump prompted an increase in imports on Chinese imports in response, and was an example of what other countries that follow the example could expect.

She said: “On the other hand, countries like China, which chose revenge, and trying to weakness in their misuse of American workers are making a mistake,” she said.

“President Trump has the spine and will not be broken, and America will not be broken under his leadership. It is guided with a firm belief that America must be able to produce basic goods for our people and export them to the rest of the world.” “America can not only depend on foreign countries for our food, medicines, and critical minerals, and America must always maintain a strong supply chain of defense.”

Goldman Sachs increases the possibility of stagnation, warns against making more reduction if it becomes more definitions

The Trump administration focused on the tariff strategy on eliminating trade deficit. After promoting the “mutual” definition plans, the management formula for these definitions was calculated based on the size of the American trade deficit with various commercial partners.

Economists tend to reject the trade deficit as good or bad, arguing that they are the result of commercial decisions beneficial to both parties. Ryan Young, the chief economist at the Institute of Competitive Institutions, told the Fox Business Company previously Commercial balances Do not say anything about economic health in a country, good or bad. ”I noticed that the United States is running a trade deficit for more than 50 years.

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“The United States has managed a commercial deficit every year since the 1970s, yet living levels are almost with almost every measure, whether it is, the unemployment rate, the life expectancy, the percentage of low -income families with air conditioning, the Internet and other commodities,” he said.

“If the commercial deficit is harmful, then there should not be much of what we see around us every day,” Young added.

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Jpmorgan Chase CEO Jimmy Damon He wrote in his annual letter to shareholders on Monday that the commercial deficit “is not necessarily good or bad” and noticed, “Even if our country has no clear commercial deficit, it is possible that it will manage a deficit with some countries and surplus with others.”