President Donald Trump has made two main changes to his fees for China with the continued trade tensions between the United States and China.
in Executive order On Tuesday, the President determined two new changes-raising definitions on China to 104 % and triple tariffs on low-cost parcels.
The matter came hours before Trump’s mutual definitions entered on Wednesday morning. I first declared definitions on April 2, a day called “Liberation Day”.
The baseline is 10 % on the goods from 185 countries, with some countries up to difficulty. Some countries have been more powerfully than others – the European Union was 20 % tariff, Vietnam by 46 %, and Lesotho by 50 %.
Raising definitions on China from 34 % to 84 %
Trump’s executive order wrote on Tuesday that, as of Wednesday, mutual tariffs on China will be raised from 34 % announced on April 2, to 84 %.
This is in addition to 20 % of the already existing customs tariffs – which reaches the total customs duties in China to 104 %.
This change in “recognizing the fact that PRC has announced that it will be discussed against the United States,” according to the executive.
This is the biggest escalation between the two countries in recent months, and the matching and transgression of the Trump campaign promise to impose it A tariff more than 60 % On Chinese goods if elected.
Trump imposed for the first time a 10 % tariff On Chinese goods in February before Increase them to 20 % In March.
Either way, China quickly took revenge on the Trump tariff. In February, China duty 10 % tariffs on crude oil, agricultural equipment and tariffs by 15 % on coal and liquefied natural gas.
In March, China foot 10 % tariffs on soybeans, pork, pork and tariffs by 15 % on chicken and cotton imports.
After Trump’s announcement on April 2, China fell with its 34 % definitions against the United States, which will turn into force on Thursday. As of the time of the press, China has not yet responded to the latest tariff of 104 %.
On Tuesday, the Trump tariff was “completely baseless” and “a single -sided exercise.”
“China will never accept this. If the United States insists on its own way, China will fight to the end,” the Ministry of Commerce said in a statement.
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Increased definitions
On April 2, Trump announced through an executive order that he would remove the DE’s tariff exemption vulnerability for beams that cost less than $ 800 from China and Hong Kong.
He said that a 30 % tax will be imposed on these packages as of May 2. But on Tuesday, Trump made three times to 90 %.
According to the executive on Tuesday, he also increased the fees for the postal element on the goods entering the United States after May 2 and before June 1 from $ 25 to $ 75.
After June 1, the fees were originally supposed to be $ 50 – but it is now $ 150, on the executive request.
Trump representatives did not respond to a request for comment from Business Insider.
