Trump threatens with additional 50% tariffs for China / day
« If China will not call off its 34% increase above the trade offenses by April 8, 2025, the United States will determine China at 50% from 9 April, » Trump said on the Truth Social Platform.
Beijing announced countermeasures after Trump announced another rapid increase in tariffs from China last week.
Since his return to president, Trump has set 20% additional fees for Chinese imports in connection with its possible role in the Fentanyl supply chain.
On Wednesday, a new 34% of the country’s products will come into effect, with a rate of 54%.
With an additional 50% tariffs, US tariffs will reach 104% for China, the White House said.
China’s response included exports of rare earth elements, and Beijing plans to introduce its 34% tariff for US goods from April 10, which will supplement the existing Chinese fees.
Trump on Monday against Beijing’s economic practice, criticizing its « non -monetary tariffs » and « subsidizing companies. »
He added that « all the conversations with China about its requested meeting with us would be interrupted. »
But « talks with other countries that have also requested the meeting will begin immediately, » Trump said.