By Admin 
Us tariff on china: US President Donald Trump once again surprised the world and justified 145% tariff on China. He said in an interview given to ABC News that they are robbing us in this way, as no one ever looted. Trump says that this tariff is necessary to deal with China’s improper trade policies and damage to American industries.
America and China are the two largest economies in the world. While Trump imposed 145% tariff on China, China has given a befitting reply to America by putting a tariff of up to 125% in response. This tariff is going to have an impact on many areas, including a huge increase in the cost of electronics, clothes, construction materials.
Stunning in financial markets
Due to the tariff, there has also been a serious apprehension of increasing pressure on global inflation and economic recession. However, Trump says that good days are coming but experts do not agree with it. Trump claims that talks are going on with China, but he did not give any clear information about it. On the other hand, the Chinese government says that no conversation is going on at the moment.
Trump’s strategy with tariff
The Trump administration hopes that the revenue from tariffs will give them an opportunity to cut tax and invest in domestic projects, but critics say that this will increase domestic production costs, reduce exports and increase prices will put pressure on middle class people. Apart from China, the US has imposed tariffs on more than 20 countries. India’s name is also included in this list, on which the matter of implementing 26 percent tariff is included. However, the US has currently banned the implementation of tariffs for 90 days.