China begins 104 % taxes and expands the scope of trade war between authorities

like 104 % US tariff against China’s imports It is valid from 1:01 am on Wednesday (9)-for Brasilia-as it was announced on the day before the White House, in a movement that defines the trade war between the largest economists in the world.

Level:

The United States imported $ 439 billion in China’s products in 2024, the second largest source of imports, only behind Mexico.

In addition to China, dozens of countries are tax on their products to enter the American market from the early hours of Wednesday.

The Trump government had stipulated until one o’clock in the afternoon on Tuesday (8) that China had fallen into a mutual tariff. However, Beijing maintained the situation and classified the position of the United States as “blackmail”.

The Chinese Ministry of Commerce promised to “take a contract firmly to protect their rights and interests” if the United States threatens the customs tariff.

“The American threat to increased customs tariffs in China is an error after another that again exposes the black nature. China will never accept it. If the United States insists on its own way, China will fight to the end,” the statement said.

In publication on its social network, Trump said on Tuesday morning that China wants to conclude a deal with the United States, “but they do not know how to start.”.

“China also wants a deal, a lot, but they don’t know how to start. We expect their invitation. This will happen! God bless the United States,” Trump wrote on Tuesday.

The United States of America confirms prices against China that a total of 104 % | Money News

On Friday night (4), China filed an official complaint with World Trade Organization (WTO) Against the new definitions imposed by the United States.

According to an official note by the Chinese Ministry of Commerce, American measures represent a “unilateral intimidation” and violate the rules set by the World Trade Organization. The government of China asked the United States to suspend additional fees immediately.

Also on Tuesday, the White House press secretary said that about 70 countries called Washington To start negotiations to reduce the impact of the tariff policy worn by US President Donald Trump.

The markets fall

Amid all this Imbroglio, which includes the two largest economies in the world, the markets have decreased all over the world.

S&P reached 500 less than 5,000 points for the first time in nearly a year, with a decrease of 1.57 %. NASDAC has already decreased by 2.15 % and Dow Jones decreased 0.84 %.

Here in Brazil, the dollar was launched until it reached a mark of $ 6. In conclusion, the American currency had a progress 149 %And it was transferred to R $ 5,9985 – The highest final value since January 21 this year, when it ended 6,0313 dollars.

Trump’s “mutual” tariff is not as it looks; Understand

*With CNN International