US President Donald Trump has shocked the world with U-turn in the duty war. Except for China, the counter -tariff imposed on most countries in the world has been postponed for 5 days. However, these countries will have to pay the foundation tariff at a rate of 5. But China increased the third -round tariff to 120 percent. He said a week ago that he would not retreat with the tariff in any way. But despite raising another tariff on China, he said that he would talk to C Chinping over the phone about the matter. His hope is that the president of China will understand the situation.
Trump's trade policy was always startling and aggressive. In the name of 'America First' policy, he has repeatedly challenged the international trade agreement and relations. But when the Tartees are over, a sudden 5-day break and the proposal to discuss with China by itself is a wonderful political and economic U-Turn. Because he was saying along, do not retreat with the tariff in any way.
The new announcement applies to most countries, including the European Union, a 5 percent 'baseline' implementing from April 1. China, Mexico and Canada are out of the announcement. Especially China has been given 120% tariff, which is much higher than ever.
Canada and Mexico will still run the business according to their previous tariff structure. This tariff is mainly imposed on the face of the Fentanil crisis, which will still remain unchanged. Under the US-Mexico-Canada agreement between these countries, trade will be duty-free and 25 tariffs will be imposed on other trade.
Trump praised Chinese President C Chinping at a press conference at the White House on Wednesday. He said that he hopes that C will make a good deal with the wise people and the tariff.
Trump added that C made a very effective and responsible decision for China. He knows what to do. He loves his country.
The US president said, “We will talk to C Chinping over the phone, then we will move forward in commercial discussions.”
Trump's statement indicates the improvement of the relations between China with China. There is also preparations to reach a long -term commercial agreement.
Regarding the withdrawal of the tariff policy, Trump said he had been thinking of postponing tariffs for several days. He decided on Wednesday morning.
“We have written about our hearts,” the US president said. He later announced the suspension of tariffs on his Truth Social Platform. “We do not want to harm countries that do not want to harm us,” Trump added. They all want to sit in the discussion.
Meanwhile, in the trade war on the imposition of Trump's tariff, there was instability in the world market. Billions of dollars of capital lost in the US stock market. There has been concern in the US Treasury Bond market. The profit rate of 5 years in a day has reached 5.7%, which is the highest after February. As a result, the bond of leaving the bond has fallen.
Investors are questioning the security of US government bonds. Because trade tensions have increased and the tariff can cause economic instability. In the meantime, Trump's sun softened. Many see this move as a major change.
