Trump's new decision: Clinics for China again, suspended for the others. “We saw a successful negotiating strategy”
US President Donald Trump announced on Wednesday that he would raise duties imposed on goods from China to 125 percent. At the same time, he ordered a 90-day break in the use of increased duties for other countries. At this time, customs are to be 10 percent. Wall Street reacted with large increases.
“Considering the disrespect that China showed world markets, I hereby raise a tariff imposed on China by the United States of America to 125 percent, with immediate effect” – wrote the president in an entry on his Social Social Social Social Social Portal. He also noted that he hopes that “China will realize that the times in which they ripped off the US and other countries are no longer possible to maintain and accept.”
This is another blow in the US trade war with China after Wednesday China made another retaliation for increasing American duties on goods from the PRC to 104 percent, increasing their duties to 84 percent. for imports from the USA.
At the same time, Trump announced that due to the fact that more than 75 countries have applied to Washington with a offer of commercial negotiations and these countries did not take retaliation, decided to suspend the election of an increased rate for the rest of the countries for 90 days. At this time, the rate is to be 10 percent.
New Truth Social From President Trump:
🇨🇳125% Tariff on China
🌎90-day Pause & Lowered 10% reciprocal tariff for other countries🚨EFFFECTIVE IMMEDIATEly pic.twitter.com/gt5bd6276m
– The White House (@whitehouse) April 9, 2025
Trump: People got a little scared, so I stopped the duties
People were a bit scared, they were a bit afraid – said US President Donald Trump on Wednesday, justifying the decision to stop higher duties for most countries. He also stated that you must be flexible.
“People jump a little beyond the line. They got a little scared, people were afraid” – said Trump during a meeting with rally drivers in front of the White House, when asked about the reasons for the sudden suspension of high duties imposed on almost 60 countries of the world, including the EU.
Trump replied that he was watching financial markets, which in recent days were “gloomy”, and people observing the rapidly growing profitability of American bonds on Tuesday “began to feel nauseous.”
Trump's comment seemed to contradict the words spoken an hour earlier by the Minister of Finance Scott Bessent and the spokeswoman for the White House Karoline Leavitt, who claimed that “this was the plan from the beginning” and that Trump's decision shows his “art of killing the market” (“Art of the Deal”, the title of his book).
Trump rejected the suggestions that sudden changes are undermined by his credibility, claiming that “flexibility” is necessary.
“This is not the point here. It's about flexibility. I could say: here is the wall and I will go through it. I will go through it no matter what. (…) Sometimes you have to be able to go against the wall, around the wall. These guests know it better than anyone else,” said Trump, pointing to the accompanying rallies.
The US president expressed the certainty that he would be able to reach “fair” commercial agreements with all countries – including China, on which he imposed 125 percent on Wednesday. duties. As he said, China is a “proud nation”, and their leader XI Jinping is a “proud man” and wants to conclude an agreement from the USA, but he does not know how to go to it. “
However, he still claimed that the imposition of duties was necessary, otherwise “we would not have a country”.
“Negotiating strategy”
As he told journalists after the decision was announced, the finance minister Scott Bessent, the reason for suspension of duties was not chaos and declines on the stock exchange, but an overwhelming number of countries wanting to negotiate trade conditions from the USA.
“We saw a successful negotiating strategy, which President Trump implemented a week ago. It prompted over 75 countries to negotiate. This required great courage, great courage to stay on the course until then” – said Bessent. “As I told him a week ago in the same place: +Do not use retaliation +, but you will be awarded. So every country in the world wants to come and negotiate. We are ready to listen to them” – he added.
In addition to this phrase, the day after the president and his spokeswoman Karoline Leavitt assured that he did not consider the 90-day suspension of duties. Even the US representative of trade (UPR) Jamieson Greer seemed surprised by the announcement of the decision, who at the time of Pause announced before the budget committee of the House of Representatives. He admitted that he learned about Trump's decision during hearing, although he added that there were discussions about this. Steven Horsford's Democrat congressmen, asking him, broke out with anger and began to shout at Greera, accusing the administration of market manipulation.
“Who makes decisions here?! It seems that certainly not a US representative for trade (…) This is not a game!” Congresmen shouted.
Share prices on Wall Street recorded rapid and enormous increases just after the announcement of Trump's decision, making up a large part of the losses from the last four days. Within a few minutes after the announcement, the Dow Jones indicator increased by almost 7 percent, while NASDAQ technological – by 10 percent.
A few hours earlier, when the session was opened at Wall Street, Trump appealed to remain calm. He emphasized that it was a “great time” to buy. Trump wrote Truth Social on his social networking site: “Keep calm! Everything will work well. The US will be bigger and better than ever before.”
Earlier, the Chinese government approved the raising of retaliation duties to goods imported from the USA with 34 percent. up to 84 percent – The Ministry of Finance in Beijing donated on Wednesday. It is a reaction to the US administration implementation of tariffs at 104 percent. for importing products from the PRC. In addition, the Ministry of Trade announced separate sanctions for entities from the USA.
Detailed also came from the European Union. On Wednesday, the EU decided to impose retaliation duties to the United States. According to EU sources, almost all member states supported the decision; Hungary was opposed. The retaliation duties are the response to the US imposing additional tariffs to steel and aluminum.
From Washington Oskar Górzyński (PAP)
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