President Donald Trump has once again thrown a big tariff bomb over China. From November 1, an additional 100% tariff has been announced on all goods. In addition, President Trump has clarified that export restrictions will also apply to all important software manufactured in the United States.
Experts believe President Trump's order will intensify the ongoing trade war between the United States and China. Previously, the United States imposed a 30% tariff on Chinese goods, but now an additional 100% tariff is being proposed. This will reach 130% of the total tariff.
What did President Trump say about the tariff?
President Trump's tariff has been announced at a time when China has also announced a major export ban. China said large -scale export restrictions would be imposed on real earth minerals from November 1. President Trump posted on his social media platform that he received information that China has taken aggressive steps and sent a letter to the world, stating that, from November 1, China will impose export restrictions on almost every product, including products that China may not make.
Will Trump Shi Jinping get?
President Trump further wrote in his post that, in view of China's attitude, 100% tariff will be imposed on China from November 1. In addition, in the second post, President Trump indicated that he would not meet with Chinese President Xi Jinping. He wrote that he was initially to meet with Xi Jinping, but now he did not see any reason for the visit.
Trump will visit South Korea
Indeed, Donald Trump is about to visit South Korea very soon, where he was to meet with Xi Jinping, but now Trump is talking about not meeting China's President. By the way, Beijing has never confirmed the visit between Trump and Xi Jinping.
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