Trump stops customs duties for 90 days, but he is rising in the Chinese trade war

President Donald Trump announced a 90 -day stand for countries that were struck by the US higher definitions, but it escalated a vast trade war with China.

In a dramatic change in politics, a few hours after the entry of nearly 60 trading partners in America, Trump said it allows the process of “10 % reduced tariff” while negotiations continued.

Meanwhile, he increased customs tariffs on goods from China to 125 %, accusing Beijing of “lack of respect”, after she took revenge by saying that it would impose a tariff of 84 % on American imports.

This comes a week after Trump Import taxes on all goods entering the United StatesIn the largest international trade revolution decades.

His plan put a 10 % basic tariff on all imports, which still exist, but also higher rates on the partners that the White House described as “the worst criminals” of what the president considers unfair commercial practices.

This included the European Union, Vietnam, South Africa and many others.

The main disturbances of the market followed the Trump tariff last week, as the sales of trillions of trillions worldwide sparked, and many Americans fear a rise in prices, and some analysts expect to increase the chances of stagnation.

On Wednesday, before Trump says he would suspend a higher tariff for goods from most countries, the United States government witnessed interest rates on its debts to 4.5 % – the highest level since February.

Hours later, when the comment was announced, The United States has spread with S&P 500, 7 % in the afternoon trading.

Trump announced that more than 75 countries have contacted the plan on his social platform in fact, that more than 75 countries have contacted US officials to negotiate trading solutions.

The last update means that all 60 countries are “worst confrontation”, which were to be subjected to high definitions of the United States, will now receive a 10 % decrease rate, with the exception of China.

Trump said that the additional tariff in China will be effective immediately, and wrote: “At some point, we hope in the near future, that China will realize that the days of tearing the United States and other countries are no longer sustainable or acceptable.”

US Treasury Secretary, Scott Beesen, insisted that changing policy was not affected by the global fall, but the great democratic Chuck Schumer said that the decision showed that Trump was “ringing and declining.”

The ongoing confrontation between China and the United States – the two largest economies in the world – started when Trump announced the new definitions last week.

China had an additional tariff of 34 % at the 20 % tax that the president laid down earlier this year. However, Beijing was quick to take revenge by a 34 % tariff on US imports to China.

In response, Trump threatened an additional 50 %, thus reaching a total of 104 % on Tuesday, if you did not retreat. China did not change the path and said it would “fight to the end” if “the United States insists” to stir a tariff war or trade war.

A few hours after the tariff kicks 104 % of the United States earlier, Beijing announced that it would raise its own tariff on American goods from 34 % to 84 % of Thursday.

Chinese Foreign Ministry spokesman Lynn Jian said on Wednesday that the United States “continues to impose a tariff on China in an abusive manner.”

He said that China opposes such “bullying practices” and the United States must show “equality, mutual respect and reciprocity” if it hopes to solve issues through negotiation.