Commercial war on the upswing: China's threat of 245% tariffs!

Commercial war on the upswing: China's threat of 245% tariffs!

Vienna, Österreich - The trade war between the USA and China has gained intensity in the past few days. China threatens tariffs of up to 245 percent on various imports from the USA, which is a significant escalation in this already tense trade relationship. According to a Report by vienna.at , the White House has published an information sheet that lists the potential maximum rates for Zölle. These calculations contain a reciprocal custom of 125 percent, one inch of 20 percent due to the fentanyl smuggling and the existing 301 inchs, which are between 7.5 and 100 percent on certain goods.

A particularly striking example is the tariffs on electric vehicles that can be added to 245 percent. Against this background, the Chinese Ministry of Foreign Affairs is ready to talk and calls for a dialogue at eye level to defuse the conflicts.

the European context

In the middle of the trade disputes, the Italian Prime Minister Giorgia Meloni Donald Trump visits in Washington. Your visit has the goal of talking about the high tariffs that Trump imposed on the EU. Meloni is in a area of ​​tension between the content of the content with Trump and the criticism that she receives from other EU countries. The EU Commission has welcomed Meloni's trip, which underlines the importance of these conversations.

This current dispute is reminiscent of previous trade conflicts, especially the US high -interest policy in the 1920s, which was implemented by President Warren G. Harding. This policy led to far-reaching economic consequences, such as "https://www.welt.de/geschichte/article2554116/handelskrieg-1922-ruinten-us-zoelle-diewirtschaft.html"> Welt.de . The Fordney McCumber customs Act of 1922 increased the tariff and should protect the US economy from foreign competition, but led to a number of negative consequences, including an increase in prices and a global trade reaction with increased tariffs by European countries.

global trading dynamics and WTO

The world trade organization (WTO) indicated in its forecast that world trade could shrink by 0.2 to 1.5 percent in 2025. China also complained about the US customs policy at WTO. The WTO is considered an institution to promote free trade, but the current developments show a trend towards protectionism. The Deutschlandfunk emphasizes that Zölle not only serve as an income source, but also offer protection to the domestic producers, while at the same time increasing the prices for the consumer.

The United States has returned to a stronger tariff policy under the Trump administration, which some economists see as dangerous. Especially at a time when the global supply chains have become complex, such measures could have a negative impact on the United States' trade balance that is already negative. There is a risk of other trade wars if affected states react with their own measures.

Overall, the current situation in international trade is characterized by uncertainty that could have both economic and political consequences. The course of the talks between the USA and China and the effects of tariffs on the global markets will have to be observed in the coming weeks.