“A lot more” tariffs against China further rebounded by US industry August 24, 12:09
There has been a reaction from the US industry that US President Trump has unveiled a policy to raise tariffs on Chinese imports of $ 250 billion to 30%.
Regarding trade disputes between the United States and China, the Chinese government announced that it would add up to a 10% tariff on US $ 75 billion imported from the United States on the 23rd of the month against the additional tariff measures by the United States.
On the other hand, President Trump posted on Twitter that he will retaliate immediately on the 23rd, and the customs amount of $ 250 billion on imports from China will be increased from 25% to 30% from next month, next month. And the new $ 300 billion tariff that will be activated in December will be raised from 10% to 15%.
In response to President Trump's policy, an organization made up of more than 150 manufacturing companies in the United States has issued a statement, “New tariffs will increase prices, slow corporate investment and sacrifice employment. I was strongly repelled. "
The impact also spread to the New York stock market, with the Dow's average share price on the 23rd dropping significantly by more than $ 700.
President Trump has shown a strong attitude toward China, but it is expected that the impact on American companies will be unavoidable, and the trade friction between the United States and China will continue to fight retaliation and the situation will not be stopped It has become.