The tariff of US President Donald Trump has caused panic worldwide. Trump announced 10% tariff on goods going from China (China) to America. What was it then, China woke up from America’s tariff and decided to respond to America. The result of this is that now China has also started imposing tariffs on the goods coming from America. China has imposed tariffs up to 15 % on many products including US coal and crude oil. These tariffs imposed by China will be applicable from February 10.
- China announced 15 percent tariff on American coal
- 15 % tariff on LNG products
- 10 % tariff on American crude oil and other products
- 10 percent tariff on big engine cars
- 10 % tariff on pickup vehicles also
Trump tariff hit China, Canada and Mexico
US President Donald Trump signed an executive order on Saturday (1 February), in which 25% tariff was imposed on goods coming from Mexico. 25% tariff has also been imposed on goods coming from Canada, but 10% tariffs will be levied on Canada’s energy resources. In this order, 10% tariff is also imposed on imports from China. After which China said to file a case in the World Trade Organization. The Republican leader made the issues of the cruspas the basis of his election campaign.
Trump’s European Union threatens tariff
President Donald Trump said that the US would also put tariffs on the European Union after imposing tariffs on Canada, Mexico and China. However, he indicated to exemption Britin from this decision. According to media reports, when the US President was asked whether the European Union his next target, Trump said ‘will surely happen’, but he suggested that ‘compromise could be made with Britain’.
What Germany said on Trump’s tariff threat
Since this statement of Trump, the members of the EU are constantly giving their reactions. German Chancellor Olaf Scolz says that the European Union may also respond with its tariff, but it is better for both sides to reach the business agreement. In France, the central bank Governor Francois Wilroy de Galahau described the tariff as ‘cruel’ and said that this would ‘increase economic uncertainty’.
Spanish minister’s response to Trump’s tariff action
Spain’s economy minister Carlos Curpo has warned the European Union not to become a ‘innocent’. Speaking to Spanish radio RNE, he said that the European Union supports the global market, but it should ensure that his businesses can compete abroad on similar terms with rivals. In a meeting of European leaders in Brussels, European Union Foreign Policy Head Kaza Kallas said that ‘there is no winner in the trade wars’. He said that if there is a trade war with America, then ‘Laughter will be China’ she says.
(Tagstotranslate) China-as tariff
