Washington: US President Donald Trump defended his decision to increase the tariff on China on Wednesday (local time), saying, “Somebody had to do this.”
President, during his meeting Roger Penske‘S NascarAt the Indi and IMSA Champion White House, emphasized that no other American leader would have taken such adventure, highlighting that the tariff growth was necessary because the previous trade imbalance with China was “unstable”.
He said that in the last year, China had traded 1 trillion USD with the US and “reversed” it through its aggressive tariff strategy.
“Okay, I thought people were jumping out of the line a little. Whatever other president did … someone had to do it. It had to be stopped because it is not sustainable. Last year, China had made a 1 trillion WASD of trade with the United States … Now I have reversed it,” Tusrap Said.
Speaking on a 90-day break on mutual tariffs in more than 75 countries, President Trump commented, “I gave a 90-day break for those who did not vent, because I told them that if they take vengeance, we are going to double it. And that is what I did with China.”
He expressed confidence that the business situation in the long run will “work surprisingly” for the US, saying that by the end of the year, or possibly, the country would have an agreement that “no one would have dreamed of a possible dream”.
The President also addressed the trade status with the European Union (EU), claiming that the European Union was not suitable for the United States.
Trump indicated his intention to interact with the European Union, saying, “All are being a deal and they would be fair deals … They were not fair to the United States. They were not sucking us drought and you could not do it … people took advantage of our country and ripped us for decades,” Trump indicated his in -conversation with the European Union.
In a light moment during his comment, President Trump also praised the racing champion for his “courage” during the career of Roger Penscay, owner of championship racing, Roger Penscay. He said about the high speed of NASCAR machines, saying, “These are great champions, and it is a great game.”
Trump also recalled the experience of riding around the track in “The Beast”, describing the “Going Crazy” of the crowd from inside the vehicle, ahead of the US President’s armored Limosine, Detaona 500.
“I will not ride in that thing if you pay me,” he further mentioned. Indicated Machine.
Earlier, President Trump announced an immediate 125 percent increase in tariffs on China and also announced that for 75 countries who have called delegates for the United States trade talks, they have authorized the 90-day “stagnation” and a fairly low mutual tariff.
It came after China, in an anti -anticipatory step, announced that it would start from 34 percent to April 10, as reported by Al Jazeera.
The decision increased to 104 percent after increasing the tariff on China on the US, after President Trump’s danger of “additional 50 percent tariff” on Beijing starting on Wednesday.
Trump announced an additional 50 percent tariff on China, when Beijing announced 34 percent tariff in the United States.
