WASHINGTON - US President Donald Trump has announced, effective immediately, tariff cuts on imports from most countries. The new measure imposes a temporary duty of ten percent for 90 days. The exception to this decision is China, on whose goods tariffs have been increased from 104 to 125 percent.
The president announced the decision on his social network Truth Social, where he said the move was to promote fairer trade conditions and protect the US economy. Later in the day, he added that the United States is open to agreements with any country, including China, as long as they are "fair and balanced." "We want trade relations that are not one-sided. Every partner has to play by the same rules," Trump told reporters in Washington. He described the increase in tariffs on Chinese goods as a necessary step in a long-term effort to reset the trade balance between the two powers.
The announcement comes at a time of growing nervousness in global markets, which are reacting sensitively to changes in US trade policy. Analysts warn that the development could affect not only Sino-US relations but also the wider global trading environment.
gnews - GH
English 
Czech 
Spanish 
French 
Italian 
Russian 
Chinese 
German