245 percent tariff

Washington: Hindi film song is ‘Tu Mere I in front of you in front of Tujh Ko dekhu Ke Pyare Karun’. China is also in a similar misleading situation. China still does not know whether a trade agreement with Trump or a tariff. Amidst the confusion, US President Donald Trump has now increased 145 percent tariff on it to 245 percent.

On Truth Social, Trump said on Tuesday that China has rejected a big deal of Boeing. They are no longer ready to take the aircraft as per the deal already made. China has asked its airlines companies not to take delivery of aircraft from American aircraft manufacturer Boeing. He reiterated his commitment to the safety of the US and its farmers in the trade war with China.

Along with this, Trump has also issued an order to investigate which rare minerals and their derived products that are essential for national security and which such imports are at risk. Meanwhile, China has appointed Lee Chengheng as the International Trade Representative of its Commerce Department. He has decades experience in international talks. Apart from this, he has also worked as a representative of China in the World Trade Organization. China has taken this step after Trump’s statement in which he said that we should take the initiative of negotiating to end the tariff deadlock.

Trump has taken this step in response to China imposing 125 percent tariff on import of American goods. The White House has also announced in this regard. Trump’s move is part of his ‘America First Trade Policy’.

In fact, China deliberately banned the export of rare metals such as Gallium, Germanium, Antimony and Bismath to the United States. It also contains cobalt.

These metals are extremely useful in aircraft manufacturing and arms industry. It is extremely useful in making extremely strong magnets, such as lamic-aluminum, nickel, cobalt-chumbak.

In this regard, the White House said in a statement that China had banned exports of Gallium, Germanium, Antimony, Bismath and six other important ‘rare earth’ and rare-earth magnet metals to the United States a few months ago. Therefore, aircraft construction, auto, aerospace manufacturer, semiconductor companies and military contractors have faced difficulties.

China implemented 125 percent of US goods, while the US had earlier imposed a 145 percent import tax (tariff), but now Trump has imposed 245 percent tariff on its goods without giving any exemption to China. But other countries have been banned for 90 days on tariffs. The Trump administration has kept other countries out of these new tariffs, as well as said that talks are going on with them. 75 countries (including India) have sent their messengers to interact with the US on the new ‘tariff’.

Along with this, the White House has also announced that instead of depending on other countries for such important metals, the US will now have to get these metals from its country or more and more allied countries. He does not want to depend too much on foreign countries.

President Trump has taken an oath to protect American industries by bringing change in trade in his second term and maintaining supply channels for American industries.

The list of goods on which China will impose 245 percent tariffs on imports has not yet been released to the public or media, but analysts say so much import tax (tariff) will have a serious impact on many consumer goods and industrial products.