Donald Trump’s first reaction after China’s duties comes through Truth Social with the US president asking companies to move to the US, describing this time as “excellent”. More specifically, he says: “This is a great time to transfer your company to the United States of America, as Apple does and so many others, to record numbers. Zero woods and almost direct connections and approvals for electricity/energy. No delay due to environmental issues. Don’t wait, do it now! ” China responded with 84% duties to US products escalating the trade war between the US and China, with the finance ministry of the second announcing 84% duties instead of 34% to all US imported products. The ministry says these new burdens will come into force on April 10. China does not want a trade war with the US, but will be forced to fight with its first economy […]
Source: News Beast
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