Trade war between the US and China. 104 % duties

news.5v.pl 2 months ago

As China did not revoke its retaliatory duties, at midnight from Tuesday to Wednesday (6 Wednesday in Poland) a full of 104 percent work on goods from China will apply," said White home spokesperson Karoline Leavittt, quoted by Fox Business.

‘When duties enter into force at 12.01 9 April, China will see an additional 104 percent added to imports. China has not kept the President's (Donald) Trump of the deadline until noon east Time to remove retaliatory tariffs" wrote Fox Business reporter Edward Lawrence on platform X, citing White home spokesperson.

Leavitt thus confirmed that Trump intends to implement his Monday threat erstwhile he threatened to impose an additional 50 percent work on imports from China if Beijing does not retreat from its 34 percent retaliatory duties announced on Friday, which are due to enter into force on Thursday.

Trump had already imposed a 20% work on Chinese goods in February, and last Wednesday announced the imposition of an additional 34 % tariff rate to establish ‘reciprocity’ in trade relations. After Beijing announced the same retaliation, the president of the United States announced another 50 percent, which together gives a 104 percent rate for almost all products imported from China.

Additional duties on China, as well as on 56 another countries with which the US has a trade deficit, will enter into force on Wednesday at midnight east American time (at 6 a.m. in Poland). Poland will besides be among the affected countries, as part of the European Union, which will receive a 20% duty.

dk/ PAP

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