A sign, a word, a disposition, even the slightest possibility of a reversal. Until the last moment of Tuesday, April 8, investors and commentators in the United States, factor owners and common people in China expected tranquilizations. Midnight spent, Washington’s time, and nothing came. The historical and massive rates, determined by the Trump administration against China, 104% added since the beginning of their mandate, entered into force, as well as those announced on April 2 against about 60 countries. Simultaneously, a surcharge was applied that varies from 11% to 50% to 60 US commercial partners, the wave of more monumental rates to date.
China was surprised to realize that the US president was going to undermine, overnight, the trade that still gave a degree of interdependence between the two leading world powers. Despite the bets, the rates that seemed improvised became a reality: 10% in February, 10% in March, 34% announced on April 2 and another 50% decided Monday as an ultimatum for China, which had imposed 34%. In a few days, what will be the price in the United States of an iPhone, which is still largely assembled in Zhengzhou, Henan, despite Apple’s efforts and its subcontractor Foxconn to move a quarter of production to India this year? What will be the price of a school bag, a toaster for the US consumer? And what will be the impact on Chinese factories?
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