US President Donald Trump made it clear on Sunday that no country is “off the hook” when it comes to US tariffs, despite the recent traits to pause certain charges for 90 days, AFP reported.
He also neglected the importance of temporary exceptions awarded to some Chinese -made technology products.
The markets have been unstable since Trump announced sweeping during this window, most countries face a 10 percent duty – except China that responded with its own customs duties.
China and the United States have exchanged Tit-For-TAT tasks and pushed US tariffs on Chinese goods to 145 percent, with Beijing retaliation at 125% level. Trump has maintained that unreasonable commercial practices have led to US trade deficits, although some tariffs also hit nations where the United States is driving profits.
“Nobody gets” away from the hook “for the unreasonable trade balances and non -monetary customs barriers that other countries have used against us, especially not China, which is far from treating us the worst!” Trump wrote about truth social.
While the administration awarded exceptions on Friday for Chinese semiconductors and electronics in the midst of consumer price problems, Trump insisted on Sunday that “No Customs” Exception “” was given. He managed that these goods are still covered by another category with a 20 percent customs degree.
The relief can be short. Electronics that were exempt last week could soon be hit again with sector -specific tariffs tied to national defense. Trump said further details would come Monday.
Trade Secretary Howard Lutnick confirmed that semiconductor tarifs would probably be adopted “in a month or two” and added that pharmaceutical products also fall outside the mutual tariffs.
Although Trump remains hopeful of an agreement with China, trade representative Jamieson Greer said on the face of the nation that “we have no plans” for a Trump-XI meeting yet.
Meanwhile, Chinese President Xi Jinping begins a tour of Southeast Asia this week with the aim of building ties with regional production powers. In the midst of falling American consumer confidence and investor turmoil, the White House insists that customs policy forces countries to the table before the 90-day window closes.
