President Donald Trump clearly said on Sunday that no country was “out of the hook” with regard to American prices, despite recent movements to take a break with certain samples for 90 days, AFP reported.
He also minimized the importance of the temporary exemptions given to certain technological products for Chinese manufacturing.
The markets have been volatile since Trump announced scanning prices on April 2. While the actions initially plunged, they have partially recovered after the Trump administration has deployed a 90 -day delay for the hardest rate rates. During this window, most countries will face a price of 10%, except China, which responded with its own price hikes.
China and the United States have exchanged tit-form-tat tasks, pushing American prices on Chinese goods at 145%, with Beijing reprisals at a level of 125%. Trump argued that unfair trade practices have led to American trade deficits, although certain prices have also struck the nations where the United States manages surpluses.
“No one embarks on” unfair commercial sales and non -monetary pricing barriers, which other countries have used against us, in particular not China which, by far, treats the worst! ” Trump wrote on Truth Social.
Although the administration granted exemptions on Friday for Chinese semiconductors and electronics among consumer prices concerns, Trump insisted that “no exception” was given on Sunday. He said these items are still covered by a different category with a tariff rate of 20%.
The relief can be brief. Electronics exempt last week could soon be hit again by sectoral prices related to national defense. Trump said other details would come on Monday.
Commerce Secretary Howard Lunick has confirmed that semiconductors’ prices would likely be promulgated “in a month or two” and add that pharmaceuticals will also fall outside the reciprocal rates.
Although Trump remains hope for an agreement with China, the commercial representative Jamieson Greer said on the nation that “we have no plans” for a Trump-Xe meeting yet.
Meanwhile, Chinese President Xi Jinping is starting a tour in Southeast Asia this week, aimed at establishing links with regional manufacturing powers. In the midst of consumer confidence and the discomfort of American investors, the White House insists that the pricing policy forced countries at the table before the 90 -day window closed.
