On the eve, the US president focused the attack on China and gave a I breathe to the other business partners of the United States, who, however, continue subject to tariffs additional customs of 10% about its exports to the first world power.
Faced with Beijing’s decision to respond, Trump announced on April 9 that the Surcharge on Chinese products It would be 125 %.
The White House specified in a decree that this percentage is added to 20 % already imposed for reasons related to the fight against fentanyl traffic, A synthetic opioid that ravages in the United States, raising the total tariff to 145 %.
The surcharge will affect the majority of Chinese products, although They are exempt, for example, semiconductors. These are added to the taxes prior to Trump’s return to the White House in January.
The American bags They opened in low and keep the trend: Dow Jones lost 4.20 %, Nasdaq -5.78 %and S&P 500 -4.71 %.
Oil and the dollar also recorded falls, given fears of a economic slowdown. He Gold reached a new historical maximum.
On the contrary, the Asian and European markets recounted after the setback of the previous day (+9.0 % in Tokyo, +4.53 % in Frankfurt, +3.83 % in Paris).
“In equal foot”
Isolated in his dispute with the US administration, Beijin maintains his Firm posture in front of Washington. Promises “fight until the end”without closing the door to a commitment.
“The door is open to talksbut this dialogue must be carried out standing equality and with mutual respect”, Warned the Chinese Ministry of Commerce.
While a possible agreement is expected, China has announced that will reduce the number of American films projected in their territory.
After Trump Pausara for 90 days his so -called “reciprocal tariffs” To almost 60 commercial partners, including the European Union, is suspended its response to “give negotiations a chance,” according to the president of the European Commission, Ursula von der Leyen.
Read more: which countries have reacted to Trump’s tariffs and what have been their answers?
If the negotiations do not prosper, The EU will make effective the countermeasures announced On American products.
The main economic advisor of the White House, Kevin Hassett, assured CNBC that the universal minimum rate of 10 %, In force since Saturday, it will probably remain.
According to him, Washington needed to “create enough pressure” about his partners to repatriate industrial activities to the United States.
“It’s another world”
This Thursday, Asean, a block of ten countries in Southeast Asia, promised to “not impose retaliation measures” against the United States.
Vietnam, affected by a 46 % tariffhe also expressed his willingness to buy more American products in exchange for an agreement.
According to Donald Trump, more than 75 countries have already expressed interest in negotiating with the United States.
However, according to Nobel Economist and Prize Joseph Stiglitz, countries do not know how to “negotiate” with the United States because “there is no economic theory behind what he [Donald Trump] is doing. ”
“It’s another world,” he said in an interview with the independent program Democracy Now!
The customs offensive has caused movements in the commercial scene.
The European Union announced Thursday that the twenty -seven will begin negotiations with United Arab Emirates for a free trade agreement.