The president of the United States, Donald Trump, made clear on Sunday that no country is “out of the hook” when it comes to US tariffs, despite the recent movements to stop certain taxes for 90 days, AFP reported.
It also minimized the importance of temporary exemptions granted for some technological products made in Chinese.
The markets have been volatile since Trump announced radical tariffs on April 2. While the actions initially submerged, partially recovered after the Trump administration launched a 90 -day delay for toughest rates. During this window, most countries will face a 10 percent rate, except China, which responded with their own tariff walks.
China and the United States have exchanged TIT duties per eye, pushing US tariffs on Chinese products to 145 percent, with reprispress Beijing at a level of 125%. Trump has argued that unfair commercial practices have led to commercial deficits in the United States, although some tariffs also affect the nations where the United States directs surpluses.
“Nobody is ‘out of the hook’ for unfair trade balances and non -monetary tariff barriers, which other countries have used against us, especially China, which, by far, treats us the worst!” Trump wrote in Truth Social.
While the Administration granted exemptions on Friday for Chinese semiconductors and electronics amid consumer prices, Trump insisted on Sunday that the “exception” without tariffs was given. “He clarified that these items are still covered by a different category with a rate rate of 20 percent.
Relief can be brief. The exempt electronics last week could soon be beaten again with specific tariffs in the sector linked to national defense. Trump said more details would come on Monday.
The Secretary of Commerce, Howard Lutnick, confirmed that semiconductor tariffs would probably be promulgated “in a month or two” and added that pharmaceutical products will also fall out of reciprocal rates.
Although Trump has hope of an agreement with China, the commercial representative Jamieson Greer said in Face the Nation that “we still have no plan” for a Trump-XI meeting.
Meanwhile, the Chinese president, Xi Jinping, begins a tour of Southeast Asia this week, with the aim of building ties with regional manufacturing powers. In the midst of consumer consumer confidence and restlessness, the White House insists that the rates policy is forcing countries to the table before the 90 -day window is closed.
