Trump authorities: tariffs on trade surplus partners necessary

Trump authorities: tariffs on trade surplus partners necessary

Washington - the US trade officer, Jamieson Greer, continued to defend the aggressive trade policy of President Donald Trump on Wednesday, while higher tariffs came into force in numerous countries and the trade conflicts with China reached a highlight.

The effects of Trump's customs policy

The increase in tarture imposed by Trump has been the sharpest in 200 years, as Fitch Ratings explained to CNN. Experts fear that this could lead to higher inflation rates and weaker economic growth. Greer pointed out that the US trade deficit was an "emergency" that requires a fundamental reform of trade policy. Nevertheless, he was optimistic that Trump is open to negotiations with other countries.

talks with international sales representatives

Greer said that he recently spoke to his counterpart from the European Union, South Korea, Ecuador and Mexico. He emphasized that the tariffs were necessary to combat the general trade deficit of the United States, even if the stock markets stagnate and long -term allies are affected. According to Greer, the tariffs aim to tackle the so-called non-trade barriers of other countries, disadvantage the US companies.

trade war between the USA and China

In the meantime, the USA and China are deep in a retaliation war. China is most affected by the youngest tariffs because it has to deal with new taxes of at least 104%. Beijing reacted on Wednesday with 84% tariffs to US imports.

reactions to the trade conflicts

"Almost all countries have announced that they will not repel against the United States, with the exception of China, who made his own decision," said Greer. "They have always caused us difficulties, limited access to their markets and are now continuing their course. That is a problem of Chinese personal responsibility."

This story continues to develop and is updated.

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