The President of the United States Donald Trump has announced one 90 -day break on duties for all commercial partners, with the exception of China. Domestic duties were arranged against Beijing, raising the level of the commercial clash between the two countries.
“Considering the lack of respect demonstrated by China against the world markets, an increase with immediate effect the duties applied by the United States to China to 125% – wrote The Donald on Truth – At a certain point, hopefully in the near future, China will realize that the times in which the United States continues to rob and other countries are no longer sustainable or acceptable. On the contrary, on the basis of the United States representatives, including the Departments of Commerce, Treasury and Austr, for negotiate a solution To the questions under discussion relating to trade, commercial barriers, rates, currency manipulation and non -monetary rates, and that these countries, on my strong suggestion, have not exercised retaliation in any way or form against the United States, I authorized A 90 -day break and a mutual rate substantially reduced by 10% during this period, also with immediate effect. Thanks for your attention! “.
Immediate rebound of the markets: The Dow Jones rises by 6.26%, the Nasdaq earns 9.04%while the S&P 500 marks +7.46%.
Billionaires and Top CEO against duties
Elon Musk, in an online apparition at the Lega congress, had expressed his desire to see a passage to a free trade situation, indirectly criticizing the rates. Other prominent figures also asked for a rethinking of the tariff strategy to avoid further economic damage.
Repercussions on markets and economics
Tensions related to duties had an immediate impact on financial marketswho recorded days of considerable volatility. The duties are also influencing key economic sectors such as air transport. The CEO of Delta Air Lines, and Bastian, has announced a downsizing of the company’s growth plans due to the global economic uncertainty caused by tariff policies and the decrease in reservations.
The role of the European Union and Giorgia Meloni
Meloni aims to propose a strategy called “zero per zero”, to reset mutual duties on industrial products between the USA and the EU. This approach, which requires Brussels support, could be an important step to calm tensions and relaunch the transatlantic dialogue.
Tensions with China
China, one of the main recipients of Trump’s tariff policies, said she was ready to “fight to the end” against US commercial restrictions, as stated by the Ministry of Commerce. Meanwhile, the measures imposed by the two countries continue to affect consumers and companies, with a generalized increase in costs.