Trump, at the beginning of his presidency, imposed a 20% tax on imported Chinese products.
Then recently, he imposed an additional 34%, ...China responded by imposing a 34% tax on American imports.
Trump retaliated by increasing the taxes by an additional 50%, and China also responded with an additional 50%.
Finally, just a moment ago, Trump imposed an additional 21%, and China has not yet responded to this move, previously stating that they will fight until the end! This indicates that they will also raise it again.
- Thus, Trump has imposed a total of 125% and China 84%, meaning that the American citizen who was buying a Chinese shirt for $10 before Trump took office will now buy it for $22.5.
In turn, this will reduce the demand for Chinese products, and many Chinese companies will cut their production and lay off their workers..
#MarketRebound #TarrifsPause $BTC $SOL #