White House spokesperson Caroline Levitt said that the new 34% tariff imposed on China is a supplement to the existing 20% tariff, bringing the total tariff to 54%.
US media reported that Trump's tariffs were intended to weaken China. Instead, they may be forming a "Confucian" alliance - an alliance between China, Japan, South Korea, and Vietnam to counter US trade pressure. If this shift continues, Washington may lose control over East Asian economies.
The US Treasury Secretary warned the world not to retaliate against Trump's (the US President) tariffs.
While announcing tariffs on all 185 countries and regions in the world, US President Trump also announced a 25% tariff on all imported computers and cars, as well as a 10% tariff on all other imported goods.
According to US media reports, the无人island in the Indian Ocean - Heard Island and McDonald Islands - are also on the list of additional tariffs.
It is reported that this Antarctic archipelago is "crowded with seals, penguins, and other birds".
White House officials stated that Heard Island and McDonald Islands are overseas territories of Australia, so they are also on the list of additional 10% tariffs.
Australian media sarcastically commented that the penguins have crawled out and are working hard to pay taxes to the United States.
Australian media reported that the US shows no favoritism, taking advantage of everyone, including allies, and it is even more ridiculous that the无人islands are subject to additional tariffs, but seals, penguins, and birds will not protest.
French media reported that the French overseas territory of Saint Pierre and Miquelon (population 5800) currently has the highest tariff rate in the world at 99%.
Their annual export volume is only $3.5 million. They may only export a small amount of products to the United States (for example, $100,000 worth of lobster), without importing anything in return. Therefore, the crazy White House algorithm (trade deficit/import) produces this crazy 99% tariff number.
Original source: https://www.toutiao.com/article/7489012638987469364/
Disclaimer: This article represents the author's personal views. Please express your opinions by clicking the【Like/Dislike】buttons below.