In response to Donald Trump’s most recent contentious tariff threats, China is not backing down. In an attempt to “Make America Wealthy Again,”
The president announced a lengthy list of tariffs on its trade partners last week, which infuriated dozens of nations worldwide.
Up to 60 nations are preparing for higher tariffs starting on Wednesday (April 9), while the majority of the US’ trade partners faced a baseline charge of at least 10 percent over the weekend.
During his ‘Liberation Day’ address, Trump named China and the European Union as the two countries that ‘rip us off’ the most, and he proposed reciprocal tariffs of 20 percent.
The statement was made at a time when the government had already raised duties on China by 20% earlier this year, totaling a 54% increase, ostensibly in retaliation for fentanyl trafficking.
