Trump at the beginning of his presidency imposed 20% tariffs on imported Chinese products.
Then recently he imposed an additional 34%, ...China responded by imposing 34% tariffs on American imports.
Trump responded by increasing the tariffs by an additional 50%, and China also responded by imposing an additional 50%.
Finally, just a moment ago, Trump imposed an additional 21%, and China has not yet responded to this move, and they stated in a previous statement that we will fight until the end! This indicates that they will also raise theirs again.
- Thus, Trump would have imposed 125% and China 84%, meaning that the American citizen who used to buy a Chinese shirt for $10 before Trump will now buy it for $22.5.
In turn, this will reduce the demand for Chinese products, and many Chinese companies will cut their production and lay off their workers..
