Trump tariffs newest: President warns no nation ‘off the hook’ and hints exemption on China-made telephones may finish | EUROtoday

China has halted the export of a variety of uncommon earth minerals, that are key to semiconductor and automotive industries around the globe.

The suspension comes because the commerce struggle between China and the U.S. continues to escalate after President Donald Trump determined to lift tariffs on China even additional, whereas suspending massive will increase on most buying and selling companions.

Shipments of the important thing minerals stopped on April 4, with exporters now required to use for licences that might take wherever from a number of weeks to a number of months to be accredited.

China produces greater than 90 per cent of the world’s uncommon earth minerals, and trade consultants had been involved that if the export halt lasts greater than a few months, present stockpiles might be depleted.

Tariff negotiations are starting instantly between the U.S. and a number of other main Asian economies, in line with South Korea’s performing president.

President Han Duck-soo mentioned Donald Trump appears to have directed talks to start out right away with South Korea, Japan and India, the Yonhap News Agency reported.

On ‘liberation day’, the president imposed tariffs of 26 per cent on India, 25 per cent on South Korea and 24 per cent on Japan. Those hikes have been paused to permit for negotiations.

Han mentioned he had detailed South Korea’s stance on negotiations and Trump had been glad with that place.

Taiwan’s president says the primary part of tariff talks with the U.S. have gone “smoothly”.

Taiwan is a serious producer of the world’s semiconductors, making superior chips for electronics, together with smartphones and computer systems.

The nation was because of be hit with a 32 per cent tariff by the U.S. president, however these larger tariffs had been paused for 90 days final week to permit time for negotiations.

Taiwanese President Lai Ching-tei mentioned talks with the U.S. have already begun.

“Taiwan has started negotiations with the United States, and the first phase of the negotiations went smoothly,” his workplace cited him as saying.

Lai mentioned he “hoped to use this challenge as an opportunity for Taiwan to promote the new layout of ‘Taiwan plus one’, that is, Taiwan plus the United States”.

It is unclear how Trump’s proposed tariffs on superconductors would have an effect on these negotiations.

Chinese President Xi Jinping says “there are no winners in a trade war, or a tariff war,” as tariffs of 145 per cent stay on Chinese items exported to the U.S.

Xi’s feedback got here in an editorial, printed in each official Vietnamese and Chinese media whereas the Chinese president excursions Southeast Asia.

“Our two countries should resolutely safeguard the multilateral trading system, stable global industrial and supply chains, and open and co-operative international environment,” he wrote.

Last week, China announced it would lift tariffs on American goods to 125 per cent, in retaliation for the higher duties imposed by the Trump administration.

Chinese President Xi Jinping

The U.S. President is expected to detail new tariffs on powerful computer chips on Monday.

It is unclear how tariffs on the chips, which are key components of smartphones and other electronics, will affect the recently announced exemption on ultra-high tariffs imposed on goods from China.

Asked about the possibility of chips tariffs by reporters over the weekend, Trump said “I’ll give you that answer on Monday,” the New York Times reported.

On his Truth Social platform, the president said America needed to make more products in the U.S.

“NOBODY is getting “off the hook” for the unfair Trade Balances, and Non Monetary Tariff Barriers, that other Countries have used against us, especially not China which, by far, treats us the worst!” he wrote.

“There was no Tariff “exception” announced on Friday. These products are subject to the existing 20% Fentanyl Tariffs, and they are just moving to a different Tariff ‘bucket’.

He continued: “We are taking a look at Semiconductors and the WHOLE ELECTRONICS SUPPLY CHAIN in the upcoming National Security Tariff Investigations.”