Trump warns to china: Additional tariffs will be effective from US President Donald Trump as 25 percent penalty imposed on India from around 9.15 am on August 27. Meanwhile, the US President has now threatened to put 200 percent tariffs on China.

China threatens trump

Trump said that the world’s two major economies US and China will form a better relationship. But he warned that if needed, he can also ruin Beijing. President Trump, citing Beijing’s Rare Earth Policy, said that if it stops Beijing to supply Magnet to Washington, then he can put a huge tariff of up to 200 percent on it.

Trump said about controversies with China just before the bilateral meeting at the Oval Office with South Korean President Lee J. Monga that Washington’s position is much better than Beijing. He said that he may soon visit China and recently he had a conversation with Chinese President Xi Jinping.

Trade war stopped for 90 days

It is worth noting that earlier this year, when the first time it was announced by US President Trump to impose tariffs against countries around the world. At that time, a trade war between the two countries started after China’s retaliation. However, it is currently pacified after talks between the two countries.

On August 12, it has been decided to keep the trading situation as it as possible for 90 days between the two countries. Earlier, the tariff rates above the Chinese goods were increased to 145 percent from the Trump. But after the talks between the two countries, these rates have been reduced to thirty percent at the moment.

Also read: US 50 percent high tariffs will affect these areas of India

Us tarifs on india: US President Donald Trump has indicated that the US can avoid imposing secondary tariffs (secondary tariffs) on the countries continuing to buy crude oil from Russia. It was feared that if Trump took this step, India could have been badly affected.

Trump signs of softness

President Trump said on Friday – “Well, he (Russian President Vladimir Putin) has lost a big oil customer like India, which imported about 40 percent oil. China, as you know, is importing too much… and if I imposed a secondary ban or secondary duty, it would be very destructive to them if I had to do it. If I had to do it, I would probably do not do it.

Trump made this statement to ‘Fox News’ in ‘Air Force One’ while going to Alaska for an important summit with Russian President Vladimir Putin. The meeting was aimed at ending the Russia-Ukraine war, but ended without any consent.

US Finance Minister Scott Besent said in an interview to ‘Bloomberg’ on Wednesday that if the conversation between Trump and Putin did not succeed in the summit, India could be imposed secondary sanctions due to buying oil from Russia. He said, “I think everyone is disappointed with President Putin. We hoped that he would talk more openly, but it did not happen.”

50 percent tariff will be applicable from August 27

Significantly, President Trump had announced a total of 50 percent fee on India last week. It also includes 25 percent additional fee levied on continuing oil purchases from Russia. This punitive fee will be effective from August 27. Reacting to this, the Indian Ministry of External Affairs said that targeting India is unfair and indispensable. The ministry clarified, “Like any major economy, India will take all necessary steps to protect its national interests and economic security.”

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