President Donald Trump is presently focusing on tightening trade relations with China – he raises customs rates towards this country while suspending them against another partners.
"In view of the deficiency of respect that China has shown towards global markets, I hereby rise the work imposed on China by the United States of America to 125 percent with immediate effect," president Donald Trump wrote on the fact Social portal on Wednesday.
Trump is changing its head again on customs duties for China and another countries
"I hope that in the close future China will realize that the times of robbing the United States of America and another countries have passed and are unacceptable," he pointed out.
As he besides reported, "on the another hand, and on the basis of the fact that over 75 countries contacted representatives of the United States, including the Departments of Commerce, the Treasury and the Office of the Trade typical to negociate a solution to trade issues, trade barriers, customs... I allowed a 90-day suspension (customs-ed.)". Thus, during this period the duties will be 10%.
"US administration postpones 90 days of entry into force of higher peculiar work rates – 10% of duties remain. First right step towards deescalation. little emotion, more focus on economical growth" - commented Polish finance minister Andrzej Domanski. The EU has previously imposed a 20% work on the US.
"Maintaining close transatlantic relations is simply a shared work of Europeans and Americans, regardless of temporary turbulence. So let us make the best of the next 90 days" - said Prime Minister Donald Tusk.
Importantly, the Dow Jones Industrial Average rapidly saw crucial growth on Wednesday. The main origin in this increase was, of course, president Donald Trump's decision to suspend 90-day retaliatory duties for most countries.