We do not intend to suspend the new customs duties application

US President Donald Trump stressed that he does not intend to suspend the application of new customs duties that burden the United States’ trade partners, and pushes the markets to panic.
Trump said today, Monday, from the White House: “We are not looking at this, and many countries will come to negotiate with us that will be fair.

Chinese accusations

Today, Monday, China accused the United States of unilateral, fever and economic bullying by imposing customs duties.

“The situation of the United States over international rules is a model of unilateralism, protectionism and economic bullying,” Chinese Foreign Ministry spokesman, Lyn Jian, told reporters.

Last week, Trump imposed 34% additional customs duties on Chinese goods as part of the “Liberation Day”, in addition to two tour tariffs by 10%, which were already announced in February and March, where Trump said that this came due to Beijing’s role in the fentanel crisis.

Customs duties on China

China and other governments quickly responded, and China announced 34% customs duties on American goods, similar to Trump’s fees on China.
China also suspended the import of fine corn, poultry and fertilizer from some American companies, and the latest Chinese retaliatory measures included imposing more restrictions on rare ground mineral exports necessary for various technologies, as well as a lawsuit before the World Trade Organization.