support@headlinenews360.com
US China Trade War: US President Donald Trump has taken Tariff War to a separate level against China. The White House announced on Tuesday that from April 9, an additional tariff of up to 104 per cent will be charged on goods imported from China. This step was taken when China refused to remove 34 per cent of the counter -charge imposed on American goods.
What did the White House say?
White House Press Secretary Caroline Lewitt clearly stated that China’s retaliation was a huge mistake. He said, “When someone attacks America, President Trump and do loud back.
China not priority
It is clear from this move of the Trump administration that China no longer prioritize the trade policy of America. Officials have also said that trade talks with other countries will continue, but there is no possibility of any immediate agreement with China. In fact, this trade war deepened when President Trump had indicated to increase the tariff for the first time on 2 April. After that announcement, there was a huge decline in the global stock markets, causing the possibility of recession and a major upheaval in international trade. However, later there was some recovery in the US markets, but the atmosphere of uncertainty still remains.
China does not back down
On the other hand, China has also taken an aggressive stand. Describing the American tariff as “blackmail”, he has said that he is “ready to fight till the end”. This attitude of China has increased the tension between the two countries. The effect of this tariff war will not be limited to America and China only. It can also affect developing countries like India. Increasing uncertainty in global trade and concern of investors can also affect India’s markets. In such a situation, economies around the world will not remain untouched by this economic fight.
(Tagstotranslate) Us-china tarif war
Source link
