Trump announced the transfer of production to the United States by many companies amid duties

Many companies have decided to move their production and relocate to the United States ahead of the start of import duties. This was announced on April 30 by the American leader Donald Trump.

"The duties will come into force soon, and companies are already starting to move to the United States in record numbers," he wrote on the Truth Social network.

In his statement, Trump also accused former President of the United States Joe Biden of the instability of the stock market.

"Our country will prosper, but we must get rid of Biden's overhang. It will take some time, and it has nothing to do with duties, only that he left us with bad figures," the president concluded.

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.

Earlier, on April 27, the South China Morning Post (SCMP) newspaper reported that Chinese companies were moving their production to the United States in order to avoid high tariffs. According to Zhu Ning, the head of a consulting firm that helps Chinese enterprises partially relocate production to the United States, his company has received at least 100 requests to transfer business from China to the United States over the past four months.

Earlier, on April 9, Trump announced that the United States would immediately raise trade duties on China to 125%. On the same day, the Chinese authorities, in turn, decided to raise duties on imported goods from the United States to 84% as a mirror measure. On April 10, this figure reached 145%.