The US explosion China for the imposition of 84% rates, label their ‘worst offenders’ in the international trading system | Mint

It seems that the US -China tariff war is escalating by the day, as both countries have imposed extensive duties on each other’s goods. In response to the US that increases rates on Chinese imports to an incredible 104 percent, Beijing again retaliates by setting an additional 84 percent rate on US goods. Washington struck back at the Xi Jinping government and marked it the ‘offender in the international trading system’. “China’s attempt to draw up 84 percent retaliation rates against the United States is unhappy and a loss of Beijing,” US Treasury Secretary Scott Besent said on Wednesday. “I think it’s a shame that the Chinese don’t really want to negotiate because they are the worst offenders in the international trading system,” Bestent said in an interview with Fox Business Network. China has announced that it will impose a total rate of 84 percent on US goods, with effect from April 10. This is an increase in the previous rate of 34 percent and is a retaliation at US rates on Chinese imports, which has been increased to a minimum of 104 percent. ‘Countries call us. The kiss of my A ** ‘US President Donald Trump remains determined in the trade war he started at least 60 countries. Despite reports of internal disagreement with figures such as Elon Musk and Peter Navarro – the latter commonly regarded as the architect of Trump’s trade war – the president still takes a positive attitude in his approach to global trading tension. The US president told a group of Republicans on Tuesday: “These countries are calling us. Kiss me A **. They are dying to make a deal,” CNN reported. Delegations from Japan and South Korea are on their way to Washington. The Prime Minister of Italy is in Washington next week. And Israel’s ‘proactive approach’ to seek new US trade agreements can serve as a model for all. On the eve of President Donald Trump’s new global rates coming into effect, the White House made it very clear on Tuesday that the door for freshly trade negotiations remained wide. However, the exact formula for obtaining relief from these duties remained fairly neubular.