US president announces ’90-day pause’ but hikes China tariffs even further

The president of the United States, Donald Trump, has announced a pause about much of his so -called “reciprocal” tariffs, while increasing the rate against China to 125 percent.

In a social position of early truth this morning, he said he had authorized a “90 -day pause, and a substantially reduced reciprocal rate during this period, of 10%, also immediately effective.”

But he attacked China for what he called a “lack of respect that China has demonstrated to world markets” by justifying another tax increase on goods from Beijing.

“At some point, luckily in the near future, China will realize that the days of cheating the United States and other countries are no longer sustainable or acceptable,” he said.

Treasure secretary, Pete Hegesh, said Trump would maintain 10 percent of the reference rate for most countries.

The supposed number of “baseline” of 10 percent had been applied to Australia and several other countries based on the commercial surplus of the United States with them.

The significant decline occurred after China further raised its retaliation tariffs to US assets of 34 percent to 84 percent and the countries of the European Union voted in favor of 25 percent of the charges of $ US23 billion ($ 38 billion) in goods from the United States.

Last night, China had promised “fight until the end” in a growing commercial war with the United States, since it announced that it would increase tariffs on US assets to 84 percent from today.

He had not yet reacted to the last walk of the Trump rate, adding more than 21 percentage points.

“If the United States insists on further increasing its economic and commercial restrictions, China has the will of the company and the abundant means to take necessary countermeasures and fight until the end,” the Ministry of Commerce wrote in a statement that introduced its white paper on trade with the United States.

The Chinese government refused to say if it would negotiate with the White House, as many other countries have begun to do so.

On Friday, China announced a 34 percent rate over all imported goods from the United States, export controls in rare earth minerals and a series of other measures in response to Trump’s “Liberation Day” tariffs.

Trump then added an additional 50 percent rate on China’s assets, saying that negotiations with them were completed.

Until now, China has not seemed interested in negotiation.

“If the United States really wants to solve problems through dialogue and negotiation, it must adopt an attitude of equality, respect and mutual benefit,” said the spokesman for the Ministry of Foreign Affairs, Lin Jian.

The document says that the United States has not honored the promises made in the trade agreement of phase 1 concluded during Trump’s first mandate. As an example, he said that an American law that would prohibit Tiktok unless he is sold by his Chinese parent company violates the promise that he would not “press the other party to transfer technology to his own individuals.”

Last week, Trump signed an order to keep Tiktok in operation for another 75 days after a possible agreement to sell the application to US owners put on ice. The representatives of Bytedance called to the White House to indicate that China would no longer approve the agreement until there could be negotiations on trade and tariffs.

The document also argued that taking into account the trade of services and national Chinese branches of US companies, the economic exchange between the two countries is “approximately in equilibrium.”

He says that China had a service deficit with the US. Trump tariffs were designed to close commercial deficits with foreign countries, but were calculated only based on physical and tangible goods trades.

“History and facts have shown that the increase in the United States rates will not solve their own problems,” said the Chinese Ministry of Ministry of Commerce.

“On the other hand, it will cause acute fluctuations in the financial markets, will raise the inflation pressure of the United States, weaken the industrial base of the United States and increase the risk of an economic recession of the United States, which ultimately will only be counterproductive on itself.”

That imposes new tariffs in retaliation

Before Trump’s recoil, the European Union said that its tariffs would take effect in the stages, some on April 15 and others on May 15 and December 1. The EU Executive Commission did not immediately provide a list of goods.

The members of the block of 27 countries repeated their preference for a negotiated agreement to solve commercial problems

“The EU considers the US rates. UU. Unjustified and harmful, causing economic damage to both parties, as well as the global economy,” they said.

“The EU has declared its clear preference to find negotiated results with the United States, which would be balanced and mutually beneficial.”

The head of the EU Executive Commission, Ursula von der Leyen, has offered a zero rate agreement for zero in industrial goods, including cars. But Trump has said that this is not enough to satisfy the concerns of the United States.

The EU had not yet commented on Trump’s last tariff pronouncement.