Trump threatens further 50% tariffs on China
US President Donald Trump threatens steep additional tariffs on Chinese imports if Beijing does not drop its retaliation plans, adding that Washington is open to negotiations with other countries.
“If China does not withdraw its 34 percent increase on top of their long-standing trade abuses by tomorrow, April 8, 2025, the United States will impose ADDITIONAL tariffs on China of 50 percent, effective April 9th,” Trump writes in a Truth Social post.
Earlier, Israeli Prime Minister Benjamin Netanyahu arrived at the White House, where he met with Trump, becoming the first foreign leader to personally plead for a reprieve from stinging US tariffs that have shaken the world.
Also, UK Prime Minister Keir Starmer said that the global economic consequences of US President Donald Trump’s tariffs “could be profound”.
Speaking at the Jaguar Land Rover factory in Birmingham on Monday, Starmer reaffirmed the UK-US alliance as “special” and “close”, adding that “we have to step up. We can’t be cowed” by US tariffs.
Similarly, Mexican President, Claudia Sheinbaum, said that her country, which is the top US trading partner and has been hit by tariffs on its automobiles, steel and aluminum, will “not rule out” imposing reciprocal tariffs on US goods.
The New York Stock Exchange as Wall Street stocks traded mixed late morning amid speculation the market may be bottoming out following steep losses triggered by President Donald Trump’s sweeping tariff announcements.
AFP
