The fresh duties represent the second wave of tariffs announced by Trump last week. Earlier on Saturday, a minimum work rate of 10 per cent was introduced for imports of almost all goods from most countries. On Wednesday, this rate is increased for 57 countries facing a trade deficit.
Among the higher rates included are the European Union, for which the work was set at 20 percent, and China. On the latter, aside from the first rate of 34 percent, Trump imposed an additional 50 percent after Beijing introduced a 34 percent retaliatory duty. As a result, the full work on Chinese goods increased to 104 percent. The fresh rules besides cover low value shipments specified as Temu and Shein – in their case the work will be 90 percent.
Desperate calls to the White House
Countries are calling, they're trying to talk, they're just kicking my ass to get a customs deal. said president Donald Trump on Tuesday. However, he added that he did not care about making deals, although he thought China would be the most willing to compromise.
I'm telling you, these countries are calling us, kissing my ass. They die to make a deal. 'Please, sir, let's make a deal. I'll do anything. I will do anything, sir’ – Trump mocked
The president argued that the introduction of duties proved to be an appropriate move, as they put $2 billion into the state budget all day.
According to the White House, nearly 70 countries have already requested negotiations, including Japan and South Korea. Trump stated that China would besides agree to an agreement. Through spokeswoman Karolina Leavitt said he would He's incredibly gracious.If Beijing asks him to.
Mutual customs duties
The duties president Donald Trump calls mutual, are intended to compensate for the opportunities in global trade. However, experts and the media inform that practices do not reflect the actual trade barriers applied by another countries, but depend on the level of their trade surplus towards the US. As a result, countries imposing advanced duties, specified as Brazil, have been subject to lower rates than those which keep low tariffs on American goods, specified as the European Union.
