#TRUMP ESCALATES TARIFF NUMBER GAME !!
#TRUMPTARIFFS : PLOY TO DEFEAT CHINA WITHOUT A BULLET BEING FIRED ?
#TRUMP ADMINISTRATION HAS LEVIED 245% TARRIF ON CHINA !! Something, that was never imagined by the most knowledgeable geo politics experts, is unfolding.
DR.NAMRATA MISHRA TIWARI.
#TRUMP #TARIFF aims to defeat China without firing a bullet, no ground war, no weapons deployed, just levied tariffs
#TRUMP administration announce a sweeping new tariff of up to 245% on Chinese imports. The decision was detailed in the White House’s fact sheet released late Tuesday.
“More than 75 countries have already reached out to discuss new trade deals. As a result, the individualised higher tariffs are currently paused amid these discussions, except for China, which retaliated,” it said.
“China now faces up to a 245% tariff on imports to the United States as a result of its retaliatory actions” the fact sheet said without giving details.
#TRUMP #TARIFFS
The White House in the fact sheet, also accused Beijing of banning exports to the US of gallium, germanium, antimony, and other key high-tech materials with potential military applications.
“Just this week , China suspended exports of six heavy rare earth metals, as well as rare earth magnets, in order to choke off supplies of components central to automakers, aerospace manufacturers, semiconductor companies and military contractors around the world,” it added.
#TRUMP #TARIFFS
Last week , China raised its additional tariffs on imports from the US to 125% in retaliation to Trump Administration’s 145% levies on Chinses exports. China also filed a lawsuit with the World Trade Organization following the US tariff hikes.
Beijing said American tariffs go “against the whole world” and would “seriously damage the rules-based multilateral trading system”
Amid the escalating war of tariff between the two world’s largest Economies of the world, China has appointed new trade envoy.
WORLDS LARGEST ECONOMY!
#TRUMP #TARIFFS
LI Chenggang is 58 years old and has been appointed as the role of representative for International trade negotiations and Vice minister of Commerce.
Li boasts of decades of experience in various trade ministry roles and holds law degrees. Li has served as Beijing’s Ambassador to the World Trade Organization and deputy permanent representative to the United Nations in Geneva, Switzerland.
#TRUMP#TARIFFS – “THE BALL IS IN CHINA’S COURT” And Beijing needs to strike a deal!
“ONE WHO TIED THE BELL MUST UNTIE IT”
China said on Thursday that it is engaged in “working level communication” with the United States to address the ongoing stalemate in their escalating tariff dispute. However, the responsibility to resolve the issue lies with one who initiated it.
Chinese commerce ministry spokesperson He Yongqian cited the proverb implying that the United States should take the lead in resolving the impasse.
#TRUMP#TARIFFS
Despite the drag on global growth caused by Trump tariff policies, the world economy is expected to steer clear of a recession. International Monetary Fund chief Kristalina Georgieva said on Thursday.
#TRUMP# TARIFFS – NEW OPPURTUNITIES FOR INDIA
Amid a raging trade war between the United States and China, India can emerge as a net beneficiary given its heightened economy and strategic importance for the United States as President Donald Trump tries to contain the rising theft of China. Neither of the two countries is ready to blink, hinting at a prolonged tensions, the time span when India can ramp up its manufacturing to tap new export opportunities created by Trump tariffs.
INDIA has identified at least 10 sectors, including apparel and clothing, accessories, chemicals, plastics and rubber, where US tariff give New Delhi a competitive advantage in the American market over other suppliers. The idea is to capitalise on the advantage in these sectors, which also includes vehicles, other than railways, mineral fuel and pharmaceuticals, in the coming months to compensate for loss in categories impacted by high tariffs.
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