The White House confirmed that the new levies would increase China’s full price to 104 % if it did not back down as President Donald Trump threatened to do so on Monday. On” Liberation Day,” Trump announced a 34 percent tax on China, increasing the total price to 54 percent. The total price would increase by 50 %, increasing it by 50 %.
Trump stated that China has a sizable surplus and that the Israeli prime minister does not want to pay that sum of money to the defense after his conference with Israel’s Prime Minister Benjamin Netanyahu. China has a sizable deficit. that they invest in their defense and spend. We don’t desire that. I don’t want them to spend$ 500 billion or$ 600 billion on their military. I don’t want them to spend money on their defense. We shouldn’t have to expend that sometimes. Trump said to President Xi, “hopefully this is the money we will never use,” as he claimed he was not retaliating against taxes.
Trump’s order: No deals with China
Donald Trump issued an order to China as the industry raged on Monday, asking people to be resilient. Despite my notice that any nation that reacts against the United States by issuing additional Taxes, above and beyond their already long-term long-term Tax misuse of our Nation, will immediately be met with new and significantly higher Taxes, over and above those originally set, he wrote, China issued Retaliatory Tariffs of 34 %, on top of their already record environment Taxes, Non-Monetary Tariffs, Illegal Subsidization of Companies, massive long
He threatened that if China didn’t retreat the 34 % tax by tomorrow, negotiations with them would also not taking place. Also, all discussions with China regarding their scheduled meetings with us will be ended! Trump stated that agreements with other nations that have requested meetings will start right away.
