America's bold tariff move: Trump raises stakes with China
- The entire world is calling the United States of America, not China, because they need our markets - stated the White House spokesperson. Karoline Leavitt referred to the voices of experts who criticised Donald Trump's decision regarding tariffs on Beijing.
What do you need to know?
- Donald Trump announced the imposition of 125% tariffs on China, which is 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 taken retaliatory actions against the USA.
Why did Trump decide on 125% tariffs?
The White House spokesperson, Karoline Leavitt, during recent press conferences, repeatedly emphasised President Donald Trump's determination in conducting 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 Trump's 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.
Tariffs as a negotiation tool
Trump’s administration introduced new tariffs on imports from China, which reached as much as 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 realise that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable" - he stressed.
Trump also informed that the remaining countries can count on 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.
