On Wednesday, Donald Trump once again attracted the truth to the truth to change the US trade policy, which announced a 90 -day break to reduce mutual rates against all countries other than China.
Because China did a retaliatory actionRaise revenues on US imports to 84 % On Wednesday – Trump’s increase in prices on China’s imports “is” immediately effective. ” This would not be well received by China, which advised the Trump administration to cancel all China’s revenue on Wednesday, NPR Reported.
The Chinese Ministry of Finance said, “The US process to increase revenue on China is a mistake.”
For tech companies, Trump’s social media posts have been a struggle to continue the rates, as the markets react in minutes. It is not always clear what Trump’s posts mean or will increase mathematics, but after Treasury Secretary Scott Basant clarified Trump’s recent post, the stock market increased, CNBC ReportedAfter slipping for the day.
But although the stock market can have now, the recovery, tech companies are trapped in uncertainty. Ed Barzetva, Vice President of International Trade Consumer Technology Association (CTA) – which represents the 5505 billion US consumer technology industry.
“Our small businesses and startup members were individually exposed to these mutual rates and vaporic effects,” Barzetva told ARS. “It has caused collateral damage.”
In a statement, CTA CEO Gary Shapiro suggested that the interval was “victory for American consumers”, but eventually the CTA wants Trump to “completely revoke” prices.
“Although this is a good news, but we are listening directly from our members that the current extra 10 percent of the Universal Baseline tariffs and this uncertainty are already harming US small businesses,” said Shopero. “The CTA has urged President Trump to focus on his efforts that he does the best, Dell McKing. Now is the time to change the United States and the global economy with our allies as a trusted trade partner.”