Trump wiping new tariffs in force, including 104% on the goods from China star-news.press/wp

The Tariffs of President Trump on imports from dozens of countries entered into force on Wednesday, including 104% on the goods from China, dramatically thinking potential global trade war. The tariffs saw each other at 12:01 am EDT.

Lord Trump rates, they shivered the dynamics of the decade of the old global commercial order, increased in the oven of the recession and sent shivers through financial markets.

Asian markets continued on Wednesday their slides. Japanese Nikkei 225 lost 3.9%, and Hong Kong’s Hange Seng fell 0.4%, although the Shanghai composite index turned around early losses, climbing by 0.9%. Taiwanese Taiex dropped 5.8%. The South Copy of the Kospa fell 1.7%.

European actions were lower, with DAX Germany 2.1%, CAC 40 decreases 2.1% in Paris, and the British FTSE 100 loss of 2%.

Futures American supplies have reversed the earlier fall. S & P 500 Futures were 0.07% larger, the Dow Jones Industrial the average future were excluded 0.18%, and the Nasdaq of the composite future rose by 0.57% of 5:15, according to Yahoo Finance.

After the imposition of tariffs by 10 percent who rocked the global economy, the weekend took the weekend, imports into the United States from Exporters such as the European Union and Japan increased on Wednesday.

China – Washington top economic rival, but also the main trading partner – the hardest hit is.

Offers in the works?

Secretary of White Houses Caroline Leavitt He said on Tuesday to briefing That tariffs are designed to open negotiations with American trade partners.

“In countries around the world, they bring us your best deals and he will listen,” Leavitt told Mr. Trump. “Bids will only be made if they benefit from American workers.”

Mr. Trump told his administration on Tuesday that his administration works on “adapted contracts” with trade partners, and the White House said that the priority of allies like Japan and South Korea.

His top officer, Jamieson Greer, said Argentina’s Senate Plate, Vietnam and Israel were among those who offered to reduce his tariffs.

The President told dinner with colleagues on Tuesday night, the countries were eager to achieve arrangements.

Urges on China stand out

But Beijing did not show any signs of standing, vows to combat trade war “to the end” and announcing and promising countermeasures to defend his interests.

On Wednesday, the Chinese Ministry of Trade stated that the country “The company will and abundant is to fight the USA, adding that Beijing” was resolutely to take countermeasures, “said the State Newspaper Agency.

However, the white paper that shared Xinhua Wednesday was occupied by a concentrator tone, saying, “China and the United States can solve differences in economic and trade areas through equal dialogue and mutually beneficial cooperation.”

Mr. Trump originally presented 34 percent additional tariffs to Chinese goods.

But after China opposes its own tariffs on the same amount on American products that should take effect on Thursday, the president added another 50 percent of duty.

Counting of existing levies imposed in February and March, which requires a cumulative rise in tariffs on Chinese goods during the Second Presidency of Lord Trump at 104 percent.

He insisted that the ball was in the Chinese court, saying that Beijing “wants to arrange, bad, but they don’t know how to start it.”

What is behind the tariff?

The President says that his policy will revive American lost production base forcing companies to move to the United States.

But many business experts and economists drink how fast – if ever – it could happen, warning to larger inflation such as tariffs increase prices.

Mr. Trump said on Tuesday, the United States “take in almost a billion dollars a day” from the tariff.

More tariffs on the road

At the end of Tuesday, Mr. Trump also said that the United States would announce a large tariff on the pharmaceutical “very fast”.

Separately, Canada said that his tariffs on a particular American car import will enter into force on Wednesday.

The European Union tried to cool tensions, with the boss of the block, Ursula von der Leyen, warning against the deterioration of the trade conflict in a call with Chinese premiere faces whether Qiang.

She emphasized stability for the world economy, with the “need to avoid further escalation”, according to EU reading.

The Chinese Prime Minister said for Von Der Leyen, his country can see the storm, saying that “is completely safe in maintaining sustainable and healthy economic development.”

The EU – which Mr. Trump criticized over its heading regime – can reveal his answer next week to new 20 percent of the levies.

In the sign against American and aluminum impressions, which entered into force last month, the EU plans Tariffs up to 25 percent on American goods ranging from soybeans to motorcycles, a document that viti AFP.