
US China Tariff War: President Donald Trump has warned his own people regarding the tariff imposed by America. Referring to the future problems to the people of America, he said that we were very compelled earlier, but now it will not happen. Trump said it would not be easy, but its end results will be historic. He has also been talking about bringing jobs and business back in America as before.
‘China suffered more loss than America’
Donald Trump’s comment has come at a time when China has also imposed 34 percent tax on US products in response to the tariff imposed by American. These fees will be levied on American goods from April 10. Apart from this, China has also taken action on 16 US companies. To this, Donald Tump said, “China has suffered more than America. Along with China, many other countries have treated us very badly.
America will win in economic revolution- Trump
Trump said, “The US has already investment of more than five trillion dollars and it is growing rapidly. This is an economic revolution and we will win. We will make America great again.” After the US imposed counter -duty on trade partner countries, China has also filed a complaint with the World Trade Organization (WTO). The Chinese Commerce Ministry said that China has also decided to ban the export of double consumption goods to 16 American companies.
America-China trade
According to the report by news agency Xinhua, the Chinese Ministry of Commerce said that American institutions are involved in activities that can endanger China’s national security and interests. According to data from the US Trade Representative Office, America’s total trade with China in 2024 was an estimated $ 582.4 billion. American goods exports to China last year were $ 143.5 billion, while imports were a total of $ 438.9 billion. During this period, the US trade deficit with China was $ 295.4 billion.
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