The president of USA, Donald Trumpsaid Tuesday that the decision on a possible commercial unwinding with China It is now depending on Beijing, while announcing a new round of tariff measures, including an imminent tax on pharmaceutical products and higher taxes on low value imports from the Asian country.
“China wants to make an agreement, desperately, but you don’t know how to start it,” Trump said during a fundraising dinner from the funds from National Republican Committee of Congress (NRCC).
Donald Trump: “The countries are kissing my butt for a deal”
In that same act, he said that Several countries are “dying to close an agreement” With Washington. “I tell you, these countries are calling us to kiss my butt.”he added.
Hours before, the president signed an executive order that will allow the application of significantly higher tariffs on low -value Chinese imports from next month. He also anticipated a new tariff on pharmaceutical products, whose official announcement, he said, will be “very soon.”
From his return to the White House, the president applied progressive measures, starting with an additional 34%, to which he added another 50% this week.
Trump defended his strategy by ensuring that the country is raising “almost 2 billion dollars a day” in tariff revenue. The president argues that this policy will allow the American manufacturing industry to reactivate, forcing companies to relocate within the country.
Counteroffensive: China announced additional tariffs of 84% about US products
After the entry into force of 104% tariffs imposed by the United States to imports from Chinathe Ministry of Finance of Beijing, led by Lan Fo’an, announced an immediate response on Wednesday: it will apply 84% tariffs to American products from Thursday. In addition, the Chinese government increased existing taxes by 50%, in a clear sign of firmness against the Trump administration’s commercial offensive.
“China has abundant means and a firm will,” said an official spokesman, who also demanded respect for Washington as an indispensable condition for any negotiation. The reaction comes after Trump himself assured that “China is desperate to reach an agreement”, in statements that further tense diplomatic tone between both powers.
In parallel, the European Union votes this afternoon its counter -weed package against the first American tariff wave, which affects steel and aluminum. The vote is expected to prosper and impose measures worth up to 21,000 million euros against US goods, ranging from agricultural products to manufactures.
Source: Ambito
