will put tariffs of 84% to all imports from the US

Yesterday Donald Trump fulfilled his threat and The 104% tariff formalized China. The Asian giant has not been intimidated and has just announced his response, which is remarkable and expected: US imports in China will have tariffs that pass from 34% to 84%. It is a spectacular and apparently equivalent increase that the Trump government announced, but it is important to contemplate the news with perspective.

China responds. The Chinese Office of the State Council for Tariffs Commission Indian that tariffs in goods imported from the United States will become 84% instead of 34% previously announced. These tariffs will be activated on April 10.

If you go up, I too. This Chinese counterattack in the commercial war unleashed by the United States is a clear response to the increase announced yesterday by the Trump administration, which indicated that the products imported from China would have tariffs that would go from 54% to 104%. These tariffs are activated today, April 9. According to the Chinese Ministry of Economy,

“The US practice of increasing tariffs to China is a mistake after another, which severely violates China’s legitimate rights and interests and seriously damages the multilateral trade -based trade system.”

But the US matters much more than China. The problem, however, is more serious for China. Data from the US Commercial Representative Office reveal That in 2024 the United States exported goods worth 143.5 billion dollars, while importing goods worth 438.9 billion dollars.

A worrying takes and daca. China buys much less than it sells to the US, which makes this tariff adjustment, although significant, does not affect the US economy so much. Scott Besent, US Treasury Secretary, explained In Fox Business that “I can tell him that this climb is loser for them.” However, this only contributes to this dangerous domino effect whose consequences are unpredictable.

The bags tremble. This new episode of the global trade war raises new devastating effects on the bags of the entire planet. We have seen it In Taiwan’s bag And now this announcement begins to cause downward reactions in the merccands. As indicated in fifitionsthe Ibex 35 already drops 3.5%, in Asia the Japan Nikkei has fallen 3.78% and now it remains to be seen how they receive this news on Wall Street.

Image | Gage Skidmore | Wikipedia

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