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Trump Threatens Tariffs of 50% on China From 9 Apr
Mint New Delhi
|April 08, 2025
Undeterred by a stock market collapse that has continued for days, President Donald Trump threatened additional tariffs on China on Monday, raising fresh concerns that his drive to rebalance the global economy could intensify a financially destructive trade war.
Trump's threat, which he delivered on social media, came after China said it would retaliate against US tariffs he announced last week.
"If China does not withdraw its 34% increase above their already long-term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th," he wrote on Truth Social. "Additionally, all talks with China concerning their requested meetings with us will be terminated!"
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