Trump Announces 30% Tariffs on China Imports Amid Trade Tensions

币界网报道:Former U.S. President Donald Trump has proposed imposing a 60% tariff on all Chinese imports if re-elected, escalating his hardline trade stance against China. The announcement comes as Trump campaigns for the 2024 Republican presidential nomination, where he remains the frontrunner. This proposed tariff rate would more than double the levies implemented during his first term, when he launched a trade war that saw tariffs reach up to 25% on $370 billion worth of Chinese goods. Trump framed the aggressive trade policy as necessary to protect American jobs and industries, stating "China has been taking advantage of us for many years." The proposal has drawn criticism from economists who warn it could reignite inflation and disrupt global supply chains. China's Commerce Ministry responded by urging the U.S. to follow WTO rules and maintain normal trade relations. The tariff threat adds to growing U.S.-China tensions over technology restrictions, Taiwan, and other geopolitical issues. Some analysts suggest the proposal may be an opening negotiation position, as Trump has previously used tariff threats to extract concessions. The Biden administration has maintained many Trump-era China tariffs while pursuing a more targeted approach to technology restrictions. Business groups have expressed concern that sharply higher tariffs could raise consumer prices and reduce U.S. competitiveness. The proposal comes amid signs the U.S. and China are working to stabilize relations, with recent meetings between senior officials. Trump's campaign did not provide details on how the 60% rate would be implemented or whether any exemptions would apply. The announcement reflects Trump's continued focus on economic nationalism as a central theme of his political platform.

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