US President Donald Trump and Chinese President Xi Jinping. (File photo)
America and China have now come face to face with tariffs. On Tuesday, the US has now announced a total of 104 percent tariffs on China. The new American tariff on China will be applicable from April 9. The White House has given this information. Earlier, China retaliated on the US threat to impose an additional 50 percent tariff, saying that if the US is intent on tearing a tariff war or trade war, China is ready to fight till the end. A few hours ago President Xi Jinping also said that the Chinese economy is a sea, not a pond. Hurricane can turn the pond, but never the sea.
Tariff collection will start from April 9
White House Press Secretary Caroline Lewit confirmed on Tuesday that 104% of tariffs imposed on China would be effective from 12 noon (EST) today, as China failed to remove its 34% counter -counterfeit tariffs for a deadline. The tariff collection will begin on 9 April. Earlier, Trump had threatened on Monday that if Beijing does not lift his retaliatory fee on American goods till Tuesday, he would increase the current fee on China by 50% on Wednesday. On the same day, Trump said that China would have to face 12 o’clock deadline to remove its fee. On the other hand, Beijing vowed that it would not eliminate its 34% retaliation fee.
Trade between america-China
According to PTI, in the year 2024, America’s total goods trade with China was around $ 582 billion, making him the top merchant of goods with the US. In the year 2024, the deficit in trade of goods and services with China was between $ 263 billion to $ 295 billion. Giving information, the White House has reported that around 70 countries have shown interest in starting tariff dialogue with the US, which is a sign of global effort to make new trade agreements.
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