The Donald Trump administration announced that 70%new tasks have been introduced to Chinese imports that can provoke global economic shocks. Reporting this Wall Street Journal (WSJ) referring to the analysts and representatives of the authorities.
The average amount of tasks aims to change trade conditions with China, but experts are afraid that Beijing will start directing goods to other markets and will pose a threat to third countries. In 2024, the US export volume in the United States was $ 440 billion, and a decrease in demand may force the PRC to search for alternative instructions.
“This is the beginning of a new rise of trade wars. The relevant measures of other countries, such as anti -madness investigations, will aggravate the situation only, Mic said Michael Pettis Pettis Pekin University.
As of April 10, China will bring 34% additional tasks for all US goods without exception. Measures will be a response to Donald Trump’s decision to create the largest tasks related to almost all imports of 185 countries in the last 100 years. An increase in bets will affect the US allies from the EU, which will urgently improve its retaliation steps. Read More – C material “Gazeta.ru”.
Previous US Exchange Indexes collapsed 5% due to China’s new duties.
What are you thinking?
Source: Gazeta
Emma Matthew is a political analyst for “Social Bites”. With a keen understanding of the inner workings of government and a passion for politics, she provides insightful and informative coverage of the latest political developments.