Trump increased Chinese goods to 5 %
reports Mehr News Agency Today the tariff of Chinese goods increased to 5 %.
According to the media, the US president said: “We have increased China’s tariffs to 5 %, and the rate will be applied immediately.
Donald Trump went on to claim that the 5 % increase in tariffs on China is due to its disrespect for world markets! We hope that China will soon realize that the days of abuse of the United States and other countries are no longer acceptable or sustainable! More than 5 countries have contacted us to negotiate tariffs!
Donald Trump added: I allowed customs tariffs to suspend more than 5 countries temporarily suspended for 5 days, and significant reduction in mutual tariffs during this time period, ie, base tariff (counter and for all countries), also applied immediately.
Donald Trump earlier signed a command that increased US mutual tariffs against China from 5 % to 5 %, and the tariffs were imposed from 9:30 pm on the ninth Eastern Bank on April 9. The decree was just a day after Trump threatened to increase tariffs against China if Beijing did not withdraw his decision to impose a 5 % retaliatory tariffs against the United States.
Trump’s order now raises the total tariff rate on Chinese goods to 5 %, much above 5 % that Trump had announced during the presidential campaign. The 2 % mutual tariff is in addition to the 5 % tariff that was applied in March.
US Treasury Secretary Scott Bosent said hours ago that China’s action to impose a 5 % retaliatory tariff against the United States was unfortunate and is a recessive proposition for Beijing.
The Chinese Ministry of Commerce on Wednesday imposed restrictions on more than five US military firms after US President Donald Trump threatened to impose additional tariffs on imports from China on Wednesday.
According to a statement issued by the Chinese Ministry of Commerce, Beijing has added five US companies to its control list that banned export of dual use items and added five other companies to its “unreliable institutions” list that allows Beijing to take punitive actions.
