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President Donald Trump last week He followed the truth about the new preliminary trade agreement with someone who received something new with China and faced a high level of tariff rate against Beijing.
“We are receiving a total of 55% tariffs, China 10%,” Trump’s Truth Social ReadingBy adding a post next post “President XI [Jinping] And I will work closely to open the Chinese trade. This will win a great one for both countries !!! “
This is under the new arrangement, if it stands, Tariff Rate against China It will be set up at 55%, this is the two countries, when the two countries announce a peace of May, it is a 30% increase. It seems that only Trump’s first “Freedom Day”, which was first named Freedom Day, called the “Freedom Day”, which was first announced in April, is in line with the “Freedom Day.”
After this initial announcement, several escalation periods were increased, which saw that all of the import taxes against China increased to 145%. Within the framework of this new regulation, Trump, the United States will gain access to rare earth miners from China – will be allowed to participate in American colleges and universities, including those very important for technology production.
In the first time, China’s Trump’s trade war in China has seen China’s average tariff rate, and the rest of Joe Biden has increased by about 20% mainly unchanged during the presidency. Given how much the United States has traditionally imported in China, the increase in the tariffs of goods will be larger Impact on the value of goods than fares against other countries.
It is not known at this point when this 55% ratio comes into force. It was supposed to be in force until August while negotiations were held in 30% before. This ratio will affect all imports to the same imports or are not known if some are eliminated.
What do these tariffs do to prices?
As I touched a wide In another place in CNETA tariff is essentially a tax placed in imports from a particular country. Therefore, the 55% tariff rate of China means any company or institution that wants to import goods from there, 55% of the order will be charged – $ 100,000 will be considered a $ 155,000 shipping.
Now, an average consumer, perhaps large-scale imports of construction materials or cheap shirts, but the added value for importers will be more than any case. To replace tariffs, companies almost always transmit the growing import expenses to the latest consumers – it is more expensive than building materials or now houses sold in a large chain store. Such phenomenon, so many economists and financial specialists characterized the tariffs of Trump A great new tax in the working class.
