US has moved forward with 104% China tariffs, other ‘reciprocal’ duties go into effect #ItalyFinance

President Trump stated that the administration is fielding calls with some countries — starting with South Korea.

“I just had a great call with the Acting President of South Korea,” Trump posted on social media. “We talked about their tremendous and unsustainable Surplus, Tariffs, Shipbuilding, large scale purchase of U.S. LNG, their joint venture in an Alaska Pipeline, and payment for the big time Military Protection we provide to South Korea.”

Trump highlighted that the discussions included — but were not limited to — tariffs.

“We are likewise dealing with many other countries, all of whom want to make a deal with the United States. Like with South Korea, we are bringing up other subjects that are not covered by Trade and Tariffs, and getting them negotiated also. “ONE STOP SHOPPING” is a beautiful and efficient process!!!

The president also hinted at the escalating trade tensions with China. On Monday, Trump vowed to slap an additional 50% tariff on Chinese imports if Beijing does not remove its 34% retaliatory tariff.

“The US threat to escalate tariffs on China is a mistake on top of a mistake,” the Chinese Ministry of Commerce said in a Tuesday statement, according to Bloomberg. “If the US insists on its own way, China will fight to the end.”

“China also wants to make a deal, badly, but they don’t know how to get it started,” Trump quipped on Tuesday. “We are waiting for their call.”