{"id":1197,"date":"2019-05-06T15:37:37","date_gmt":"2019-05-06T15:37:37","guid":{"rendered":"https:\/\/skyeconomynews.com\/?p=1197"},"modified":"2019-05-30T15:40:22","modified_gmt":"2019-05-30T15:40:22","slug":"new-tariffs-could-make-the-united-states-one-of-the-most-protectionist-countries-in-the-world","status":"publish","type":"post","link":"https:\/\/skyeconomynews.com\/new-tariffs-could-make-the-united-states-one-of-the-most-protectionist-countries-in-the-world\/","title":{"rendered":"New Tariffs Could Make the United States one of the Most Protectionist Countries in the World"},"content":{"rendered":"\n<p>The United States can become one of the world\u2019s most\nprotectionist countries if Donald Trump\u2019s new tariff threats are imposed.<\/p>\n\n\n\n<p>Trump said on Twitter on Sunday that the current tariff of\n10% on Chinese goods worth 200 billion dollars will rise to 25% on Friday. He\nalso threatened to impose 25 percent of taxes on an additional $325 billion of\nChinese goods &#8220;shortly.&#8221; The US fees are already higher than those of\nmost developed economies, which will rise to higher levels than many emerging\nmarket countries. Where tariffs are becoming more common.<\/p>\n\n\n\n<p>&#8220;If the U.S. follows through on the latest trade war\nthreats it will raise the overall US tariff level to 7.5%, which is higher than\nin many emerging markets, said Torsten Slok, the chief economist of Deutsche\nBank, in an e-mail on Monday.<\/p>\n\n\n\n<p>The tariffs imposed by Trump have shaken markets, which\nrecently hit record highs thanks to optimism in the trade deal and strong\ncorporate earnings. Companies with high exposure to China&#8217;s revenue such as\nsemiconductors led the losses on Monday.<\/p>\n\n\n\n<p>Some Wall Street analysts are still positive about a trade\ndeal, saying the Trump threat is just a negotiating tactic.<\/p>\n\n\n\n<p>Trade negotiations between Washington and Beijing are still\ndue to resume on Wednesday, but the vice premier is likely to cancel the trip\nhe was planning in the final round of talks.<\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>The United States can become one of the world\u2019s most protectionist countries if Donald Trump\u2019s new tariff threats are imposed. Trump said on Twitter on Sunday that the current tariff of 10% on Chinese goods <a class=\"mh-excerpt-more\" href=\"https:\/\/skyeconomynews.com\/new-tariffs-could-make-the-united-states-one-of-the-most-protectionist-countries-in-the-world\/\" title=\"New Tariffs Could Make the United States one of the Most Protectionist Countries in the World\">[&#8230;]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":1198,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[116,117,36,34,114,109,39,115],"_links":{"self":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1197"}],"collection":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/comments?post=1197"}],"version-history":[{"count":1,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1197\/revisions"}],"predecessor-version":[{"id":1199,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/posts\/1197\/revisions\/1199"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media\/1198"}],"wp:attachment":[{"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/media?parent=1197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/categories?post=1197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skyeconomynews.com\/wp-json\/wp\/v2\/tags?post=1197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}