After the trade negotiation with China fell of the board, Trump has announced that he will be labeling 10% more tariff on Chinese goods that are worth at $300 billion.
The negotiations took place this week and where Trump said that China has failed him as it did not stood up to its deal the way it was supposed to.
The announcement that Trump made in a conference at White House has caused the stocks fluctuation and a major giggle in the prices of oil. He said “we don’t care about it.
We are the ones who built China again and if now, they are not interested in trading with us it is completely their loss.
To us it is a great win as we will be saving a lot of our money that we were earlier giving away to China.” Apparently Trump was fuming in anger while he announced this.
He said that the tariff he has installed will be taken up in stages. For now it is 10% which can rise up to 25% as well in case it is needed. He says that he is not looking for such a situation though.
He said that there is nothing to be worried about for Americans because they are not the ones paying who are supposed to pay the tariff.
He says “The amount of money we are talking about here is in millions and frankly it is a win-win for us because it is not our consumers that are paying the amount but China is the one suffering with it.
Trump posted on his twitter saying that a few representatives that he had sent to China have just returned to the country after talking a deal with China but it looks like China changed the deal just minutes before signing it and they are not interested in doing business anymore.
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