The tariff showdown with Chian is heating up…
President Trump threatened China with an additional 50% tariffs if Beijing doesn’t back down in its trade war with the U.S.
China is set to impose retaliatory tariffs of 34% on top of tariffs already in place.
Trump posted the following to his TRUTH Social account late Monday morning:
Yesterday, China issued Retaliatory Tariffs of 34%, on top of their already record setting Tariffs, Non-Monetary Tariffs, Illegal Subsidization of companies, and massive long term Currency Manipulation, despite my warning that any country that Retaliates against the U.S. by issuing additional Tariffs, above and beyond their already existing long term Tariff abuse of our Nation, will be immediately met with new and substantially higher Tariffs, over and above those initially set. Therefore, 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. Additionally, all talks with China concerning their requested meetings with us will be terminated! Negotiations with other countries, which have also requested meetings, will begin taking place immediately. Thank you for your attention to this matter!
A White House spokesperson tells FOX Business’ Edward Lawrence that there is no plan to pause tariffs on U.S. trading partners.
The tariffs plan is in place and there are no plans to change the plan, according to the spokesperson.
This story is developing…
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