President Donald Trump made the announcement on Wednesday that he would soon impose a 25 % tariff on Chinese goods because of Beijing’s “lack of appreciation” for Americans. He will also stop and reduce mutual taxes on other nations. China will eventually understand that the time of ripping off the U.S. are over. S. A. Trump stated on his Truth Social Media platform,” This is no long lasting or acceptable.”, and other Places.
Trump stated that his mutual tariffs on other nations would be halted for 90 days, during which time the tax rate may be 10 %. Trump’s action comes shortly after China announced it was imposing an additional bilateral tax on the United States. S. goods from 34 % to 84 %.
Trump’s Truth Social statement was shared by United States Secretary of Commerce Howard Lutnick, who wrote,” Scott Bessent and I sat with the President while he wrote one of his Presidency’s most remarkable Truth content. China has chosen the wrong path while the world is prepared to work with President Trump to mend international business. ”
According to Fox Business, “One of Trump’s tariffs that went into effect early on Wednesday also included a 20 % tariff on products from the European Union, a 24 % tariff on Japan, and a 25 % tariff on South Korea. The European Union made the announcement before on Wednesday that punitive tariffs on$ 23 billion in U.S. S. products used as “countermeasures ” to Trump ; tariffs, which he announced last week, a 20 % levy on International goods, even though it claimed the 27-country bloc was still open to lowering the taxes “should the US agree to a good and sensible negotiated outcome. ”
