Donald Trump represents China new ultimatum in the trade war

Trade conflict

Trump grants China a grace period

US President Trump confuses world trade with his tariffs. China in particular is supposed to hit it hard – because Trump can suffer very little resistance.

In the global trade conflict started by US President Donald Trump, the clock is now ticking for China. Trump gave the Chinese leadership at an appointment in the White House until Tuesday 12:00 p.m. (6 p.m. CEST) time to withdraw the counter tariffs announced by Beijing in the amount of 34 percent. Otherwise, he would prove China with additional tariffs of another 50 percent, Trump said at a reception for the Israeli head of government Benjamin Netanyahu.

The new tariffs for China would otherwise be imposed on Wednesday – on this day the second part of the huge American customs package should also come into force. According to the 10 percent basic tariffs already applicable, it is planned to be significantly higher tariffs for countries with which the United States have a particularly large trade deficit from the government’s point of view. This also includes the EU.

Despite sharp threats from the White House, China wants to hold on to his counter -tariffs. If the United States continues to escalate its customs measures, “China will take countermeasures to protect its own rights and interests,” said the Chinese Ministry of Commerce. If the United States continues to exist in this way, “China will definitely accompany it to the end,” said the Ministry of Commerce. The USA is “extortion”.

Beijing reacted despite. Trump’s threat is a “typical step of unilateralism, protectionism and economic chicane,” said the spokesman for the Chinese message, Liu Pengyu, on Tuesday. China will never accept this.

“We have emphasized more than once that it is not the right way to put China under pressure or threaten to get in touch with us,” he added. China will determine his legitimate rights and interests.

For China, the new penalty measures of 50 percent would mean total tariffs of 104 percent. Even before Trump’s huge customs package was announced, the USA had occupied 20 percent tariffs from China. The new worldwide tariffs provide another 34 percent for China. Trump had previously written that China had imposed his “retaliation tariffs” of 34 percent despite his warning that he would collect further tariffs if a country should take such countermeasures.

Trump rejected a suspension of the tariffs at the meeting with Netanyahu. “Well, we don’t intend to do that,” said Trump to a question. Previously, representatives of the White House had already described corresponding speculations about the exposure of the tariffs as fake news. There are many countries who wanted to negotiate with the United States, Trump said at a reception for the Israeli head of government Benjamin Netanyahu. He called the Japanese Prime Minister Shigeru Ishiba with whom he spoke in the morning.

At the meeting with Netanyahu, the American president also showed that accommodation is not necessarily useful. The Israeli head of government had announced that Israel would reduce the already low tariffs and trade barriers to the United States. When asked whether the USA would also reduce the planned additional tariffs of 17 percent to Israeli products, Trump said: “Maybe, maybe not” and added: “Don’t forget that we help Israel a lot.” The United States would support Israel every year with $ four billion. With a smile he turned to Netanyahu and said: “Congratulations, by the way.”

Meanwhile, the European Union continues to try de -escalation: it offers the United States an agreement to mutual cancellation of all tariffs on industrial goods. Despite Trump’s pay decisions, the European Union is ready to negotiate, said EU Commission President Ursula von der Leyen in Brussels. However, it also made it clear that the EU continued to prepare possible countermeasures in the event of a failure of negotiations. The United States wants to take imports from the European Union countries on Wednesday with an additional 20 percent inch.

The German economy threatens considerable export losses to the United States if Trump stays with the tariffs imposed. “That would have a very significant impact, you shouldn’t be naive,” said the executive finance minister Jörg Kukies in ZDF- “Today Journal”. According to Kukies, German exports to the United States would decrease by around 15 percent, according to Kukies.