Trump's bold tariffs aim at redefining global trade dynamics
- The entire world is calling the United States of America, not China, because they need our markets, said the White House spokesperson. Karoline Leavitt referred to the expert opinions criticizing Donald Trump's decision to impose tariffs on Beijing.
What do you need to know?
- Donald Trump announced the imposition of 125% tariffs on China, intended as a response to Beijing's lack of respect for global markets.
- Over 75 countries have reached out to the USA regarding trade negotiations, which, according to the White House spokesperson, demonstrates the strength of the American economy.
- Trump announced a 90-day pause and a reduction of mutual tariffs to 10% for countries that have not retaliated against the USA.
Why did Trump decide on 125% tariffs?
The White House spokesperson, Karoline Leavitt, during recent press conferences, repeatedly emphasized President Donald Trump's determination to pursue a trade policy aimed at defending the interests of American workers and businesses.
Leavitt defended President Trump's decision after the imposition of 125% tariffs on China. "Many of you in the media clearly missed The Art of the Deal," she snapped at the journalists.
The White House spokesperson noted that the Trump administration's policy is having the opposite effect of what critics predicted. "[You] clearly failed to see what President Trump is doing here. You tried to say that the rest of the world would be moved closer to China, when in fact, we’ve seen the opposite effect the entire world is calling the United States of America, not China, because they need our markets," she said.
She also emphasized that over 75 countries have reached out to the USA regarding trade negotiations, which according to her, demonstrates the strength of the American economy and President Trump's position as a leader.
Tariffs as a negotiation tool
Trump’s administration introduced new tariffs on imports from China, which reached 125%.
"Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately," informed the American president on Truth Social.
"At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable," he stressed.
Trump also announced that the remaining countries can expect a suspension of the newly introduced tariffs. "Conversely, and based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs, and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States, I have authorised a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately," Trump indicated.
