Categories: USA

China prices should increase at least 104% on Wednesday, says the White House



Cnn

President Donald Trump is expected to impose an astonishing 104% in the samples of all Chinese imports on Wednesday, the White House press secretary Karoline Leavitt announced on Tuesday. This presents itself in addition to the Chinese prices which were in place before Trump’s second term.

China already had to see prices increase by 34% Wednesday as part of Trump’s “reciprocal” prices. But the president nailed on an additional 50% after Beijing did not withdraw his promise to impose on Tuesday 34% of reprisals on American goods at noon, adding 84% additional rights.

“Countries like China, which have chosen to retaliate and try to double their ill -treatment of American workers, are making a mistake,” Leavitt told journalists on Tuesday. “President Trump has a steel spine, and he will not break.”

“The Chinese want to conclude an agreement, they just don’t know how to do it,” she added. She refused to share what, if necessary, the terms Trump would consider to reduce prices on China.

China was the second American import source from America last year, sending a total of $ 439 billion in goods in the United States, while the United States exported $ 144 billion in China. Mutual prices threaten to harm the national industries and are about to result in layoffs.

Earlier Tuesday, the Chinese Ministry of Commerce said that it “firmly opposed” to additional 50% prices on Chinese imports, calling it “an error on an error”. The ministry has promised to degenerate its reprisals on American exports.

Dozens of other countries as well as the European Union are also faced with a midnight deadline for new prices. These rates, which Trump established last week, vary from 11% to 50%.

Leavitt told journalists that despite several conversations with world leaders aimed at negotiating lower rate rates, Trump has little appetite to delay his plans.

After talking with Trump on Tuesday, Leavitt said: “He expects these prices to come into force.”

At the same time, she said that Trump asked her sales team to conclude “tailor -made” agreements with countries wishing to negotiate. Supported further on the fact that the president had a calendar or deadlines for commercial transactions, Leavitt again reiterated that he would not be “transactions outside rack”.

This is a story in development and will be updated.

remon Buul

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