This Tuesday announced the White House spokeswoman, Karoline Leavitt, a new 50% tariffs to China, which will increase the total taxes to 104%. This midnight will come into force, as Donald Trump had already announced not to withdraw Beijing before April 9 his 34 percent countermeated tariffs. The Chinese government had responded that “they would fight until the end” if Trump imposed this additional increase.
The scale continues. That extra game of 50% will be added from Wednesday to 1AM, according to Leavit, to another 24% that Trump had announced a week ago at the time of 20% that already taxes Chinese imports to avoid the entry of fentanyl into the country, plus another 10% that activated last Saturday against all its commercial partners.
Hours before, Trump had said that Beijing wants to reach an agreement on tariffs “desperately”, but considered that “he does not know how to start negotiating” and said that the White House was waiting for the call of the Chinese President, Xi Jinping, a message that the spokesman repeated. “The president believes that Xi (Jinping) and China want to reach an agreement, they simply do not know how to start it. The president also wants him to tell everyone that if China makes an approach to reach an agreement, it will be incredibly generous, but that it will do what is best for the US people,” Leavitt added.
The US Treasury Secretary, Scott Besent, had suggested last Sunday to Trump to open a dialogue channel with the leaders of the countries who were already called to the White House to find a point of contact that will flatten the taxes imposed on all the goods that are exported to the United States, providing the impact on the bags of the world.
In turn, the president said in an interview with CNBC that China’s escalation is a big mistake. “We are the deficit country. So what do we lose with the Chinese to upload the tariffs? We export a fifth of what they export us. So it is a loser hand for them.”
The Chinese government for its part denounced that the North American measures are “unilateral, protectionism and economic harassment in its purest form”, in the words of the spokesman of the Chinese Foreign Ministry Lin Jian. At a press conference this Tuesday, he added that “if the United States really wants to dialogue, it should demonstrate an attitude of equality, respect and mutual benefit,” also stressed that, if the Trump government insists on a tariff war without taking into account the interests of both countries and the international community, “China will be prepared to fight until the end.”
Trump’s global tariffs announced on April 2, shook the markets and threaten to hit Chinese exporters, which led the Chinese government to implement measures to support their stock markets on Tuesday, with funds led by the State buying shares. Asian markets had a slight recovery on Tuesday of up to 6% and closed with increases.
Wall Street, on the other hand, after shooting 4.1% in the morning, the S&P 500 quickly lost everything. Then they collapsed up to 3% before reducing its fall to 1.6%. The index is 19% below its record established in February.
The tensions between the great capitalist powers will not be able to bring anything good for the working majorities and the peoples of the world who want to download the costs of the world crisis. The organization of the working class and the popular sectors is increasingly imperative, with an independent defense program of their own interests, to intervene in this global crisis and avoid new catastrophes.
Source: www.laizquierdadiario.com
