As the country reacts to escalating trade concerns, Donald Trump might have been exaggerating the effectiveness of his negotiations with China.
‘Liberation Day’ (April 2) was undoubtedly a clear signal of Donald Trump’s intention to do things differently, as he has made plain since his return to the White House.
He revealed his massive economic plan and the numerous new tariffs he will impose or raise on nations all around the world on this day.
One of the countries most affected was China, which has responded in kind. The government raised duties by 34% (to a total of 54%), on Trump’s “Liberation Day.”
After 25% of tariffs had already been imposed on Chinese imports earlier. This action infuriated China, which promptly imposed sanctions on the US, including 34 percent tariffs on all US commodities.
10 percent on crude oil and agricultural equipment, and 15 percent on US farm products.
