After the 10 percent basic customs duties in which US President Donald Trump decided to implement all countries, the mutual tariffs specifically determined for countries were started to be implemented as of 07.00 today.
Trump announced that China will be implemented in response to retaliation moves of the latest 50 percent additional customs duties officially entered into force.
Thus, the total ratio of the US customs duties on Chinese goods reached 104 percent.
Trump announced customs duties
US President Donald Trump announced on April 2, announced the new customs duties to be applied to trade partners.
Trump’s decision to implement all countries, the basic customs duty of 10 percent entered into force on April 5, while the mutual tariffs specifically determined for countries will be implemented on 9 April.
Mutual customs duties to be applied to some countries and regions “European Union 20 percent, Serbia 37 percent, England 10 percent, Vietnam 46 percent, Israel 17 percent, South Africa 30 percent, Japan 24 percent, Norwegian 15 percent, Taiwan 32 percent, Switzerland 32 percent and China was announced as 34 percent.” Türkiye, on the other hand, was among the countries where 10 percent basic customs duty was implemented.
China made a retaliation move
On the other hand, Trump responded to mutual customs duties that he decided to implement justice in international trade with retaliation.
In a statement made by the Chinese Ministry of Finance, Trump’s 34 percent customs duties targeting China in response to the implementation of customs duties of all US goods will be applied to all US goods at the same rate.
Trump threatened 50 percent additional customs duties to apply
US President Donald Trump reacted to the decision of China’s 34 percent of retaliation to the US as retaliation, “However, I have clearly warned that every country that retaliate on these long -standing tax applications against the United States will face much higher taxes.” Trump announced that if China did not withdraw the 34 percent retaliation tax imposed on the US until April 8, the US announced that it would impose another 50 percent additional tax on China from 9 April.
China announced that counter measures will be taken
In a statement made by the Chinese Ministry of Commerce, Trump will fight against the end of China against the threat of imposing additional customs duties to China, “China will take determination to protect their rights and interests,” the statement used. “The threat of increasing the US customs duties on China is a mistake. This reveals the blackmail nature of the American side once again,” the statement said, “We will never accept it.
