Donald Trump flash.
The president stopped his plan to impose Security definitions On all American commercial partners on Wednesday, a week after Misrceive stock market chaos In anticipation of new duties. In a post to his social media platform for him Social truthTrump canceled the mutual tariff and returned to a 10 % tariff base on imports.
Trump said that walking was due to the rush of other countries trying to make deals with the United States. The president, who previously said other countries.kiss [his] Rear“To avoid new duties, he wrote that 75 countries” called the actors … to negotiate a solution. “He presented a 90 -day stand in his potential trade war until new commercial deals are dealt with.
He wrote: “These countries did not say, based on my strong proposal, in any way, shape, or shape against the United States, and it has authorized a temporary stop of 90 days, and a highly mutual burial during this period, by 10 %, immediately as well.”
Trump did not do Extending the same courtesy to ChinaWho responded to Trump’s definitions with revenge definitions on American goods. Trump raised his tariff on Chinese imports to 125 %.
“Based on the lack of respect that China has shown in the world’s markets, I am raising the tariff that China accused by the United States of America to 125 %, instantly.” “At some point, we hope that China will realize that the days of tearing the United States of America and other countries are no longer sustainable or acceptable.”
News of the customs tariff stopped in an immediate boost of the American stock market, which dramatically fell on fears of the recession caused by the customs tariff. The Dow Jones industrial average increased sharply after Trump’s announcement, and gained more than 6 % to this writing.
the Trump administration Dancing about the idea that Trump has been subjected to economic pressure at home. Treasury Secretary Scott Pesin He was asked directly about a “reflection” from the administration, but he chose to draw this step as “[creating] The maximum negotiation in negotiation. “Looking at the good news in the stock market, the White House press secretary Caroline Levitt Take the opportunity to encourage the press.
“Many of you were absent in the media clearly” the art of the deal. “She told reporters:” I have clearly failed to know what President Trump is doing here. “The entire world describes the United States of America, not China, because they need our markets, need our consumers, and they need this president in the oval office to talk to them.”
In the House of Representatives, Democrats criticized the uncertainty caused by the indirect Trump tariff.
“How can any company be expected for its future, building a factory, and employing workers, if they do not have any idea what this president will do in his next tweet?” Representative Jim McGfern, Diam, said. “I need a neck pillar to be able to overcome all of this.”
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