Former President Donald Trump announced on Truth Social that he would be increasing tariffs on Beijing to 125% due to what he believes is China’s lack of respect for global markets. Trump’s decision to impose higher tariffs on China comes at a time when tensions between the two countries have been high, with disputes over trade and technology policies. Trump’s move is seen as a way to push back against China’s perceived unfair trade practices and to protect American businesses from what he views as unfair competition. The increased tariffs are expected to have a significant impact on the Chinese economy, which relies heavily on exports to the United States. China has not yet responded to Trump’s announcement, but it is likely to further strain relations between the two countries. Trump’s use of Truth Social, a social media platform he launched following his ban from mainstream platforms, highlights his continued influence in shaping U.S. economic policy and his willingness to defy traditional norms of communication. The effects of Trump’s decision to increase tariffs on China remain to be seen, but they are likely to have wide-reaching implications for both countries’ economies.
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Donald Trump grants 90-day suspension of tariffs for all countries with the exception of China
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