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US President Donald Trump speaks to the press at Trump Tower in New York City, US, September 26, 2024. — Reuters
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US President Donald Trump said on Wednesday that he would stop many of his new rates for 90 days, even further increased them on imports from China.
After the world market riots, Wall Street’s stock in response to the announcement of Trump.
At the high rates imposed on Wednesday, Trump said “I have allowed 90 days of pause”, Trump said on his true social network, saying he took the decision after reaching more than 75 countries and did not retaliate against the United States.
Only 10 % of the flat rates will remain on all countries implemented on Saturday. This often marked a surprising upside down by punishing levies that even kill the nearest US allies.
But Trump has still accused China of “tearing” his country.
“On the basis of lack of respect for China’s markets, China, I am increasing the tariff imposed on China through the United States, which is immediately effective,” Trump said.
Trump had increased duties on Chinese goods just hours ago to a large 104 %. After that, China responded up to 84 % through increasing taxes on US imports.
“At some point, in the near future, China will realize that the days of the United States, and other countries are no longer sustainable or acceptable,” Trump said.
‘Stay cool!’
Earlier, the European Union had started its retaliation, announcing measures to target some US products from Tuesday to return US duties on global steel and aluminum exports.
The block of 27 countries, which Trump has formed to make the United States “screw”, will affect more than 20 billion euros, including soybeans, motorcycle and beauty products.
But the European Union did not retaliate against US prices 20 % after midnight on Wednesday.
Trump announced a week ago that he said “Liberation Day” that he would impose a 10 percent baseline tariff on all countries imposed on Saturday, including additional rates for economies, including China and the European Union, which is implemented on Wednesday.
Along with the markets last week, Trump on Wednesday urged Americans to “stay cool!” And said “Everything is going to work well”
Wall Street Stocks increased on Wednesday following the announcement of Trump’s break.
A few minutes after Trump exposed it, S&P 500 increased from 6.0 % to 5,281.44, eliminating a brutal run of the loss of the last week.
Earlier, the European and Asian stock markets had increased the collision with oil and dollars.
US bond production also increased during rapid sales-a major economic red light because independent government debt is commonly seen as a safe haven for investors at disturbing times.
‘Hurry for a conversation’
Prior to his axis, Trump said the world leaders are fleeing to discuss “suitable” deals with the United States, including those who send delegations to Japan and South Korea Washington.
“I’m telling you, these countries are calling us,” Trump told dinner with fellow Republicans on Tuesday night.
But China doubled.
The Chinese Ministry of Finance said, “The increase in tariffs against China by the United States leads to the pile of mistakes at the top of the mistakes.”
US Treasury Secretary Scott Basant had earlier warned countries at a banking summit that aligning with Beijing “would reduce your throat.”
Trump believes that his policy will restore the US lost manufacturing base by force companies to move to the United States.
The billionaire former property tycoon has specifically attacked China, alleging that it has “dumping” cheap goods on additional production and other economies.
China on Wednesday warned tourists to “fully evaluate the risks” before going to the United States.
And US Defense Secretary Pete Hegsith again warned against the Chinese “threats” when he visited Panama, whose canal is in the center of a row between Beijing and Washington.
