[Text/Observation Network Qi Qian] Local time on the afternoon of April 2, US President Trump signed two executive orders regarding the so-called "reciprocal tariff" at the White House, announcing a "minimum benchmark tariff" of 10% for all trading partners, and imposing higher tariffs on dozens of other countries and regions including China based on the 10% rate. Among them, the US tariff rate on China will rise to 34%.
According to reports from the White House website and The New York Times and other US media outlets, this is the largest new tariff policy announced by Trump since he took office in January this year, wielding the tariff stick against the entire world, including allies, under the pretext of "preventing other countries from exploiting the United States".
According to the new policy announced by Trump, the tariff rate for China will rise to 34%, Vietnam's tariff will be as high as 46%, Thailand's tariff will be 36%, Indonesia's tariff will be 32%, India's tariff will be 26%, Japan's tariff will be 24%, South Korea's tariff will be 25%, and the EU countries' tariff will rise to 20%.
Trump signed the so-called "reciprocal tariff" executive order on April 2 - Screenshot of tweet
Before the so-called "reciprocal tariff", Trump had repeatedly threatened tariffs against the whole world, and China has already stated its position. Recently, Foreign Ministry spokesman Guo Jiakun said that China noticed that the main trading partners of the United States have responded accordingly. There are no winners in a trade war or tariff war, and no country's development and prosperity has been achieved through the imposition of tariffs.
Guo Jiakun said that the US actions violate WTO rules, undermine the multilateral trading system based on rules and the common interests of all peoples, and do not help resolve their own problems.
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