Donald Trump com Xi Jinping
The Chinese government increased from 84% to 125% tariffs to US products, maintaining the policy of retaliating the increases on Chinese goods decreed by Donald Trump. In an endless war, it is already feared that Christmas is affected.
At this point, it is difficult to follow the pace of the tariffs imposed by Donald Trump, and retaliation counter-tarfish from affected countries.
In the last movement in this endless trade war, the China increased from 84% to 125% yours on US imports. This after Donald Trump announced 145% rates.
China’s president, Xi Jinping, has already said that his country “No afraid” of Trumpnor of the trade war.
Trump’s Maga Hats are 125% more expensive
But in the city of Yiwu, in southeastern China, where many businesses are located that depend on exports to the US, nervousness reigns.
It is in this commercial city, with many factories and retail stores, where it is much of the Donald Trump’s ‘merchandishing’including the famous Red Hats Maga (Make America Great Again), which will now be 125% more expensive with the rise in the rates.
But it is also in Yiwu that they produce “87%” of Christmas decorations which usually supply US homes, according to data found by the Spanish newspaper.
“Trump is destroying Christmas with tariffs”
Orders for Christmas are usually made in April, but with the instability of the tariffs, “there dozens of containers that contain artificial Christmas trees and other decorations stops Due to the trade war, ”reveal local sources to El Mundo
“Trump is destroying Christmas with its tariffs”refers to the newspaper the owner of a Yiwu store that exports to the US.
“This Everyone very nervous“, Accesses Spanish representative Jaime Horvilleur, who has been working for over 15 years in Yiwu, noting that he has” several US customers “and” predictions pointed to a very important increase in purchases over last year. “
“But now we have Five containers retained due to tariffs“Horvilleur reveals to El Mundo, noting that“ there are many factories and exporters ”from Yiwu that“depend on the American market“.
“For example, the supermarket chain gets many of its yiwu daily use products,” he says, stressing that it is set with brands like a Nike e a Adidas.
With “chaos around the trade war”, “no one dares to take a step forward or behind because the situation is constantly changing,” concludes Horvilleur.
China Guilt USA for endless war in sight
Chinese government sources have already stressed that the USA must “take all responsibility” for the world economic “turbulence”.
Among the two largest economies in the world has intensified in recent days, at a time of great market volatility.
China insists that does not want a trade warbut guarantees not to be afraid to face her “if necessary.”
On Wednesday, Trump announced one in the so-called “reciprocal tariffs” imposed on the rest of the world, but aggravated the rates imposed on China, which already go to 145%.
Trump’s actions led business leaders to alert to potential and some of the leading US business partners to retaliate with their own rates before the truce.
“Anecdote in the history of the world economy”
This trade war has become “A game of numberswhich has no practical economic meaning and will become an anecdote In the history of the world economy, ”said the Chinese Ministry of Finance in a statement.
“However, if the United States insists on continuing to substantially infringe the interests of China, [Pequim] will contradict resolutely and fight to the end”He added.
The Ministry of Commerce said it presented another process with the World Trade Organization against US tariffs.
Given the size of the two economies, experts fear a global economic turbulence.
