Trump declared a state of emergency in the United States due to the trade imbalance

US President Donald Trump has declared a state of emergency in the country due to the trade imbalance. This is stated on the White House website on April 2.

"The chronic trade deficit is no longer just an economic problem. This is a national emergency that threatens our security and way of life. This is a very big threat to the country," Trump said, quoted by ABC News.

Earlier, the US president announced the tariffs. He also showed a chart with a list of countries and topics related to the new duties of the United States against them. China was at the top.

Trade Warrior: How new US duties will affect the global economy

Donald Trump announced the introduction of fees for all products supplied to the United States.

On the same day, the Ministry of Commerce of the People's Republic of China announced that the state would respond to the duties imposed by the President of the United States and protect its rights. According to the agency, the tariff craze will not solve the United States' own problems.