Dawn on Wednesday in Washington and the duties imposed by the US president, Donald Trump to goods entered by about 60 countrieswhich he himself called the “worst offenders” – have begun, escalating the trade war.

These are duties that reach 104% on imports from China.

According to Trump officials, these are countries that impose higher duties on US products, impose non -tariff barriers to US trade or have acted in ways that undermine US financial targets.

104% emerged from a combination as 20% duties already in force before Trump’s second term, 34% duties were announced last week and 50% imposed by the US president a few hours ago.

Also, 24% duties come into force in Japan and 49% in Cambodia.

According to Donald Trump the duties is vital to his financial vision, But experts warn that a full -scale trade war is just around the corner. For its part, China has made it clear that it is not going to retreat, stressing that maintaining its own duties is a response to the US aggressive stance. Representatives of the Chinese Foreign Ministry said that China “will fight to the end”.

Customs duties significantly exceed the additional 10% duties for much of the products imported into the US from almost around the world and came into force on April 5.

Speaking earlier today at the BBC Newsday, Victor Gao, who is Vice President of the Think Tank Center for China and Globalization, said that the duties “will not restore manufacturing jobs in the United States”.

“President Trump and his government must wake up with logic and use logic instead of maximum intimidation against China and so many other countries.”

Mr Gao predicts that the Chinese government “will not close its eyes” to what it considers a “absolute war” when it comes to trade.

“There are no panic markets in China, and you have a huge volume of panic markets in the United States.”

“China is a stabilizing force, while the United States is quickly perceived as a subversion force,” he said.

Fall in Asian stock markets

Asian stock markets are still falling today.

The NIKKEI225 Spring 4.15%.

In Hong Kong, Hang Seng falls by 2.08%, while the wider Topix index is 3.26%.

South Korea’s Kospi drops 1.61% and the S&P/ASX 200 index in Australia also declines 1.06%.

Hearing the additional duties, US shares retreated on Tuesday for the fourth consecutive day of trading after Trump’s announcement of duties last week,

In low four -year -old oil

At the same time oil prices They are receding today to the lowest level of the last four years in Wednesday’s first transactions, due to concerns about the apparent demand being supplied.

The price of the WTI crude oil is around $ 57.70, with an intra -day loss of almost 3.20% during early morning transactions on the Asian stock market. Brent future contracts lost $ 2.13 or $ 3.39%, reaching $ 60.69 a barrel.

Futures of the future deduction of US crude West Texas Intermediate declined $ 2.36 or $ 3.96% to $ 57.22. Brent has reached its lowest point since March 2021 and WTI at the lowest level since February 2021.

In new lows Chinese yuan

At the same time, there is also a fall of the yuan, which is receding to a new 19 -month low over the US dollar.

Wan fell 0.2% to 7,3498 per dollar in the afternoon, after falling to a low of 7,3505 per dollar earlier at the meeting, lower than September 2023.

The offshore wancounted the losses and climbed about 0.62% to 7,3812 yuan per dollar in Asian transactions, having fell more than 1% of the previous meeting and reached the lowest level of 7,4288 per dollar overnight.