As the country reacts to escalating trade concerns, Donald Trump might have been exaggerating the effectiveness of his negotiations with China.
‘Liberation Day’ (April 2) was undoubtedly a clear signal of Donald Trump’s intention to do things differently, as he has made plain since his return to the White House.
He revealed his massive economic plan and the numerous new tariffs he will impose or raise on nations all around the world on this day.
After 25% of tariffs had already been imposed on Chinese imports earlier. This action infuriated China, which promptly imposed sanctions on the US, including 34 percent tariffs on all US commodities.
10 percent on crude oil and agricultural equipment, and 15 percent on US farm products.
As China increased duties on all US goods to 125 percent and cut back on rare earth resource exports.
Trump ultimately upped tariffs on China to 145 percent and then 245 percent while halting tariff plans for all other nations for 90 days.
In response to questions from reporters over the ongoing conflict, Trump stated that he would not play hardball with the country and that they would both find a way to cooperate.
“No, no, we’re going to be very nice,” he declared in a statement on Tuesday, April 22. We’ll see, but they’re going to be really pleasant.
