US President Donald Trump has called his Chinese counterpart, Xi Jinping a “Smart Man”, between the two countries between the two countries, which has triggered an economic storm worldwide. Trump, after imposing tariffs on China, is two largest economies in the world at one crossroads and Beijing announced retaliatory measures.
“I think President Xi is a person who really know what to be done. He is a very smart man. He loves his country. He knows that for a fact. I know him very well.”
“And I think he wants to make a deal. I think this is going to happen. We will get a phone call at some point, and everything will be ready,” he said.
The US President said, “This is a big thing for us, the world and humanity.”
Since coming to power in January, Trump has introduced a group of tariffs on various countries to address the alleged trade imbalance with the US.
US-China Trade War proceeds as Trump Hike Tariff
The US-China trade can carry forward the trade war, Donald Trump said on Wednesday that he was increasing the tariff on Chinese imports by 125 percent, citing “lack of honor” from Beijing.
“Based on the lack of honors shown in the world markets, I am increasing the tariffs charged by the United States by the United States to 125%, immediately effective. At some point, hoping, in the near future, China will realize that the days of closing the US and other countries are no longer sustainable or acceptable,” they posted on the truth social.
He said, “China wants to make a deal. They don’t know how to go about it … President Xi Jinping is a proud man. They don’t know how to go about it, but they will find out,” he said.
A previous round of US tariff came into force earlier on Wednesday, increasing duties on sugar imports by 104 percent.
China, which vowed to fight with measures “up to the end”, responded to 104 percent of the duties, stating that it will increase its tariffs on US imports from 34 percent to 84 percent effective from Thursday.
It also said that it had filed a complaint with the World Trade Organization (WTO) by the Trump administration citing the “bullying” strategy.
China, which has unveiled mutual tariffs every time every time, has to respond to the latest tariff growth so far when the US President has carried forward the East.
Trump’s 90 -day stay on tariff for other countries
Except for China, Donald Trump on Wednesday announced a 90-day stagnation on his widespread tariff on dozens of countries.
“I felt that people were jumping out of the line a little, they were getting yellow, you know,” he told reporters after the announcement.
“Yippy” is a word in sports to describe the loss of veins.
Trump said he was seeing the “very difficult” situation of the important American bond market before his decision.
“I saw last night that people were getting down a bit,” he said.
,With agency input,
