Donald Trump has reiterated his belief that the tariffs he has implemented will ultimately be beneficial to Americans, while criticizing countries that are displeased with these measures.
On April 2, Trump caused a stir by announcing tariffs affecting several of the United States’ allies and trading partners.
He referred to this initiative as ‘Liberation Day’, suggesting it would signify the revitalization of American industry and lead to increased national wealth.
While some countries received more lenient treatment, many expressed their dissatisfaction and announced plans to retaliate against these US-imposed tariffs.
China, in particular, has opposed the US economic strategy.
Trump imposed an additional 34 percent tariff on Chinese goods as part of ‘Liberation Day’, following two prior rounds of 10 percent tariffs in February and March.
Lin Jian, a spokesman for foreign affairs, recently criticized the US, asserting that the tariffs strain bilateral relations.
In a press briefing, he remarked: “Prioritizing the US over international regulations is indicative of unilateralism, protectionism, and economic intimidation.
“Exerting pressure and issuing threats are ineffective strategies for dealing with China. China will staunchly defend its legitimate rights and interests.”
Nonetheless, Trump perceives China as one of the primary culprits in what he views as an inequitable trade relationship with the US.
On Truth Social, Trump defended the tariffs, stating: “Oil prices are down, interest rates are down (the slow moving Fed should cut rates!), food prices are down, there is NO INFLATION, and the long time abused USA is bringing in Billions of Dollars a week from the abusing countries on Tariffs that are already in place.
“This is despite the fact that the biggest abuser of them all, China, whose markets are crashing, just raised its Tariffs by 34 percent, on top of its long term ridiculously high Tariffs (Plus!), not acknowledging my warning for abusing countries not to retaliate.
“They’ve made enough, for decades, taking advantage of the Good OL’ USA! Our past “leaders” are to blame for allowing this, and so much else, to happen to our Country. MAKE AMERICA GREAT AGAIN!”
In response, China plans to implement a 34 percent tariff on US goods, effective April 10.
The country has also lodged a complaint with the World Trade Organization (WTO), arguing that Trump’s tariffs ‘seriously violate WTO rules’.