The US President announced today an immediate increase to 125% of tariffs to Chinese products and suspension for 90 days from the application of fees to more than 75 countries, while commercial negotiations take place.
“Based on the lack of respect that China has shown to the world markets, I come to increase the tariff charged to China by the United States to 125%, with immediate effectDonald Trump wrote on his social networking social network.
“At some point we hope that in the near future, China will realize that days of theft to the US and other countries They are no longer sustainable or acceptable, ”said the US President.
On the other hand, Trump stated that “More than 75 countries called representatives from the United States, including the Commerce and Treasury Departments, to negotiate a solution to the subjects which are being discussed in relation to trade, commercial barriers, tariffs, currency manipulation, and non -monetary tariffs. ”
For these countries, which, under a “strong suggestion” of the US President, did not retaliate “anyway or shape against the United States, ”Trump authorized a 90 -day break in the application of tariffs.
In these cases, Donald Trump announced the immediate implementation of “a reciprocal tariff substantially reduced during this period, of 10%”.
In relation to China, “Based on the lack of respect that it showed in relation to world markets, Announce the increase in the tariff charged to China by the US to 125%, with immediate effects. ”
US tariffs for Chinese products already reached the 104% and China also announced today that it was going to increase retaliation rates on US products to 84%, instead of the 34% initially foreseenin a new climb of the trade war between Beijing and Washington.
The partial and temporary reversal of the application of “reciprocal” customs tariffs to these 75 countries arises on the day the tariffs applied to countries targeted at higher rates come into force, such as the European Union-which announced Wednesday.
25% rates on US imported products comem in in force next Tuesday, the 15thannounced the European Commission.
Wall Street fires with ad
The New York bag fired today after Donald Trump’s announcement. At 19:12, the technological index NASDAQ had an appreciation of more than 10%with the Dow Jones gaining 6.73% and S&P 500 to advance 7.35%.
These climbs are a Strong contrast to the sharp descents From the American scholarship since last week, due to the rates announced by Donald Trump.
To Europe, Paris closed today to retreat 3.34%Frankfurt 3%, London 2.92%and Madrid 2.22%, in a negotiation that closed before this announcement.
