President Donald Trump will slapp the 104 percent rates in China at midnight on Tuesday, April 8, after President Xi Jinping refused to remove retaliation rates placed in the United States.
Last week, Trump announced reciprocal tariffs on countries that historically have imposed high tariffs on the United States, including China, which faced a 34 percent tariff in addition to the tariffs existing in their assets.
In response, the state of China Global times Called to reciprocal tariffs a tool to “blackmail” China and a “tool for extreme pressure and to pursue selfish interests.”
Similarly, XI announced a retaliation rate of 34 percent in the United States. Trump announced that China will face an additional 50 percent rate if retaliation tariffs are not removed.
On Tuesday, the reports indicated that XI had no plans to withdraw the retaliation rates and the White House Secretary, Karoline Leavitt, confirmed that the combined rates of 104 percent in China would enter into force at midnight.
“Countries like China, who have chosen to retaliate and try to double their abuse of US workers, are doing a fogke,” Leavitt said. “President Trump has a steel spine, and will not break.”
“[President Trump] He hopes that thesis tariffs will go into force, “Leavitt said.
The free trade of the United States with China, which began in the late 1990s, when China was allowed to enter the World Trade Organization (WTO) and given the state of the most favored nation (MFN) by Congress, has devastated the work of the United States for almost three decades.
A 2018 report from the Institute of Economic Policy (EPI) found that the United States commercial deficit with China, between 2001 and 2017, eliminated US jobs in the 50 states and in each district of Congress throughout the country, a loss of 3.4 million US jobs.
John Binder is a Knitbart News reporter. Send an email to jbinder@breitbart.com. Follow it on Twitter here.
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