09.04.2025 08:40
The reciprocal tariffs announced by U.S. President Donald Trump have officially come into effect. This move is expected to profoundly impact global trade dynamics. Details are still unclear, but economists are warning that this situation could cause ripples in the world economy.
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The reciprocal tariffs specifically determined for countries, announced by U.S. President Donald Trump on April 2, officially came into effect. With the implementation of the additional 50% tariff announced by Trump to be applied to China, the total rate of tariffs imposed by the U.S. on China reached 104%.
After the basic 10% tariff, which U.S. President Donald Trump decided to apply to all countries, came into effect on April 5, the reciprocal tariffs specifically determined for countries began to be applied today at 07:00 Turkish time. The additional 50% tariff, which Trump announced would be implemented in response to China's retaliatory move, also officially came into effect. Thus, the total rate of tariffs imposed by the U.S. on Chinese goods reached 104%.
TRUMP HAD ANNOUNCED TARIFFS
In a statement made on April 2, U.S. President Donald Trump announced new tariffs to be applied to trade partners. While the basic 10% tariff, which Trump decided to apply to all countries, came into effect on April 5, it was reported that the reciprocal tariffs specifically determined for countries would begin to be applied on April 9. The reciprocal tariff rates to be applied to some countries and regions were announced as "European Union 20%, Serbia 37%, United Kingdom 10%, Vietnam 46%, Israel 17%, South Africa 30%, Japan 24%, Norway 15%, Taiwan 32%, Switzerland 32%, and China 34%." Turkey was among the countries subject to the 10% basic tariff.
CHINA HAD RESPONDED TO TRUMP'S TARIFF IMPLEMENTATION WITH RETALIATION
On the other hand, China had responded to the reciprocal tariffs that Trump decided to implement under the claim of ensuring fairness in international trade with retaliation. In a statement from the Chinese Ministry of Finance, it was announced that in response to Trump's 34% tariff targeting China, a tariff of the same rate would be applied to all U.S. goods starting from April 10.
TRUMP HAD THREATENED TO IMPLEMENT A 50% ADDITIONAL TARIFF
U.S. President Donald Trump reacted to China's decision to impose a 34% additional tariff on the U.S. as retaliation, stating, "However, I had clearly warned that any country retaliating against these long-standing unfair tax practices against the U.S. would immediately face much higher additional tariffs." Trump announced that if China did not withdraw its 34% retaliatory tariff against the U.S. by April 8, the U.S. would impose an additional 50% tariff on China starting from April 9.
CHINA HAD ANNOUNCED THAT COUNTERMEASURES WOULD BE TAKEN
In a statement from the Chinese Ministry of Commerce, it was stated that China would fight to the end against Trump's threat to impose a 50% additional tariff on China, saying, "China will resolutely take countermeasures to protect its rights and interests." The statement also mentioned, "The U.S. threat to increase tariffs on China is a mistake upon mistake. This once again reveals the coercive nature of the American side," and added, "We will never accept this. If the U.S. side is determined to go down the wrong path, China will fight to the end."
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