After a strong backdrop with harsh controversy, rigorous warnings and threats between the US and China, the US president Donald Trump It is officially “pressed” today Wednesday (09.04.25) the Broom War button against Beijing. Duties -Skok 104% at the expense of many Chinese products, the new reality in a country with the world’s largest economy.
In particular, the US will impose duties 104% in China from 00:01 local time (07:01 Greek time) today, as a White House official announced, as Beijing did not calm down its reciprocal duties to US products until the deadline set by Donald Trump (Tuesday noon).
This package includes previous duties implemented due to the fentanyl crisis, its mutual duties, as well as an additional retaliation announced by Donald Trump, after Beijing said it would tax US exports to China.
White House spokesman Carolin Livitt said reporters in informing reporters that the US president believes he believes he China must conclude an agreement with the US on the additional duties that will come into force today.
“The Chinese want to make a deal. Simply They don’t know how to do it »said Libit. ‘He believes [ο Τραμπ] that China must make an agreement with the United States. ” If China approaches, he added, “Trump will be incredibly kind, but will do what is best for the American people.”
Leibit also said that nearly 70 countries have addressed the White House seeking to launch negotiations to reduce the impact of President Trump’s tariff policy.
At the same time, he told reporters that agreements would be made if they benefit US workers and facing years of commercial deficits.
Donald Trump ordered his team to work on “personalized agreements” for every addressed country.
Duties 104% dipped in deep red markers
The 104% duty on the imposition of duties and the confirmation a little later than the White House was enough for to throw thewall street again in the uncertainty.
Until that time, a balanced climate on Wall Street, it was overthrown, the S&P 500 lost 4% in a short time and the anxiety about the impact of duties on the markets and on the global economy made its appearance again, leading to the fourth consecutive US stock market.
Volatility and intense fluctuations shortly after the news turned into a rapid dip in the last hour of transactions, with Dow Jones closing with a loss of 0.84%, O S&P falling by 1.47%and Nasdaq sliding 2.15%.
The backdrop
Donald Trump had warned that the duties he announced on April 2 they should not lead to retaliation From the US trade partners, it would otherwise return to new duties.
Thus, China’s response to the announcements of the day of release for sweeping mutual duties, With 34%US contributions, brought about the new White House reaction leading the ongoing trade war to new levels.
The new duties of 104% mean that the cost of Chinese imports are to double in less than 12 hours.
Even if there is a prospect of agreements with major trade partners such as Japan and South Korea, China remains a very big deal for the US economy. Last year, bilateral trade reached $ 582 billion. Japan was at $ 228 billion, while South Korea at 19 billion dollars. China was the number 2 source of imports for the US last year, after Mexico, to about $ 439 billion.
Nearly 70 countries have approached the US for negotiations
Nearly 70 countries approached the White House in search of negotiations to reduce the impact of Donald Trump’s tariff policy, White House spokesman Caroline Levit said.
Levit said that the United States will only make trade agreements when they serve the interests of US workers and helping to reduce the country’s commercial deficits.
He also said Trump asked his team to seek “unique” agreements based on the markets of each country, its exports and imports made to the United States. At the same time, he stressed that the duties would be implemented as the negotiations continue.