usatoday24
The commercial war between United States and China He has just reached a new level. The two greatest economic powers of the planet star in a tariff climb that does not give signs of braking. We are facing a scenario that can drag significant effects on the global economy, especially for its direct impact on interconnected supply chains and the stability of financial markets.
In less than 24 hours, Donald Trump’s government has decided to carry tariffs on Chinese imports from 54% to 104%in response to Beijing’s refusal to remove its 34%rate. The reaction soon arrived: China announced a new 84% tariff to American products. And when it seemed difficult to go further, Washington has returned to the bet: the US tariff now rises to 125%.
He blows China for his refusal to negotiate. “Based on the lack of respect that China has demonstrated towards world markets, therefore the tariff charged to China for the United States of America to 125%, with immediate effect,” Trump said in a publication. The announcement reinforces the political and commercial pressure on Beijing at a time of maximum tension. Now, all eyes are put in the possible response of the Chinese government.
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Pause in some reciprocal tariffs. The US president has also announced that he will immediately suspend the highest tariffs for 90 days for dozens of partner countries. It is not clear what nations will benefit from this tariff truce, nor under what criteria will be applied. What has been confirmed is that, even in those cases, the base rate of 10% that entered into force will remain in force last Saturday.
Washington’s turn comes at a key moment: dozens of countries were already preparing their response to reciprocal tariffs that entered into force just a few hours ago. Among them, the Member States of the European Union, who approved on Wednesday a package of commercial reprisals against the United States. The measures are planned to be applied on April 15, although in this new scenario it will be necessary to see if that calendar is maintained.
In development.
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