China got angry on Trump's tariff, making 'Plan 37' for America...
US President donald trump announced a 90-day ban on tariffs on thursday (April 9, 2025). Trump gave relief to more than 75 countries with his decision, but he increased the tariff to 125 percent. Meanwhile, china contacted the european union and ASEAN members against America's reciprocal tariff, but china has suffered a setback. The President of the european Commission said that in line with the move of US President donald trump, the european union will also ban retaliatory tariffs for 90 days.
China is contacting the european union and ASEAN countries
After the US imposed a 125 percent tariff on Chinese goods, china is preparing to form a united front by contacting the european union and ASEAN countries. In response to Trump's tariffs, 27 countries of the european union approved a 25 percent tariff on wednesday (March 9, 2025). According to the report of news agency Associated Press, now european union President Ursula von der Leyen has suspended the decision to impose counter-tariffs for 90 days.
How many countries are included in ASEAN and European Union?
ASEAN has a total of 10 member countries, which are from various countries of Southeast Asia. Its members are Singapore, Brunei, Indonesia, Cambodia, Laos, Malaysia, Myanmar, Philippines, thailand and Vietnam. The european union is a group of 27 countries of Europe. It includes Austria, Belgium, Bulgaria, Croatia, Cyprus, Hungary, Ireland, Italy, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Slovakia, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovenia, spain and Sweden.
WTO fears economic loss
The World Trade Organization (WTO) has feared that the growing trade tension between the US and china could cause serious damage to the global economic scenario. WTO Director-General Ngozi Okonjo-Iweala said that the negative macroeconomic effects of this global trade uncertainty will not be limited to the US and china alone but will also affect other economies, especially the least developed countries. The share of trade between the US and china in world trade is about three percent.
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