Trump warns of imposing an additional 50% tariff on China
The US president has demanded that Beijing rescind its retaliatory 34% levies on American imports. President Donald Trump has issued a warning that he will impose an additional 50% tariff on all Chinese imports unless Beijing withdraws its...
TroibNews 
The US president has demanded that Beijing rescind its retaliatory 34% levies on American imports.
President Donald Trump has issued a warning that he will impose an additional 50% tariff on all Chinese imports unless Beijing withdraws its proposed increase of 34% in retaliation, marking another escalation in the trade war that has erased trillions of dollars from stock markets.
Last week, the US president announced extensive tariffs ranging from 10% to 49% on imports from various countries. This included an additional 34% duty on imports from China, which is on top of the existing 20% implemented in previous months. In response, Beijing declared its intention to retaliate with a 34% levy increase on US goods by Thursday.
“If China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9,” Trump stated on Truth Social on Monday. He also threatened to cancel all scheduled discussions with China and shift to “negotiations with other countries.”
Beijing has criticized the tariffs as a “typical move of unilateralism, protectionism and economic bullying.”
“It will hurt the US itself as well as others,” asserted Chinese Foreign Ministry spokesperson Lin Jian during a press conference on Monday. He noted that Washington’s tariffs will particularly affect developing nations and disrupt global trade and logistics.
In response to the US tariffs, China has filed a complaint with the World Trade Organization.
Moreover, the Chinese Commerce Ministry has implemented new restrictions targeting American businesses, along with limitations on the export of domestic rare-earth minerals, of which the US imports approximately 70% from China.
The ongoing trade conflict between these two economic powers has resulted in significant market volatility, leading to a loss of more than $10 trillion from global equity markets as of Monday, according to Bloomberg.
Emily Johnson for TROIB News
President Donald Trump has issued a warning that he will impose an additional 50% tariff on all Chinese imports unless Beijing withdraws its proposed increase of 34% in retaliation, marking another escalation in the trade war that has erased trillions of dollars from stock markets.
Last week, the US president announced extensive tariffs ranging from 10% to 49% on imports from various countries. This included an additional 34% duty on imports from China, which is on top of the existing 20% implemented in previous months. In response, Beijing declared its intention to retaliate with a 34% levy increase on US goods by Thursday.
“If China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9,” Trump stated on Truth Social on Monday. He also threatened to cancel all scheduled discussions with China and shift to “negotiations with other countries.”
Beijing has criticized the tariffs as a “typical move of unilateralism, protectionism and economic bullying.”
“It will hurt the US itself as well as others,” asserted Chinese Foreign Ministry spokesperson Lin Jian during a press conference on Monday. He noted that Washington’s tariffs will particularly affect developing nations and disrupt global trade and logistics.
In response to the US tariffs, China has filed a complaint with the World Trade Organization.
Moreover, the Chinese Commerce Ministry has implemented new restrictions targeting American businesses, along with limitations on the export of domestic rare-earth minerals, of which the US imports approximately 70% from China.
The ongoing trade conflict between these two economic powers has resulted in significant market volatility, leading to a loss of more than $10 trillion from global equity markets as of Monday, according to Bloomberg.
Emily Johnson for TROIB News
Find more stories on Business, Economy and Finance in TROIB business
