Trump Announces “Additional 50% Tariff” On China As Trade War Escalates

Washington:

Donald Trump has introduced a further 50 per cent tariff on China lower than 48 hours after Beijing introduced a tit-for-tat 34 per cent tariff on the USA, which Trump had declared two days earlier as a part of his reciprocal tariff order. This now takes US’ tariff on all Chinese language items to an all-time excessive of 84 per cent because the US-China commerce struggle escalates.

That is over and above a ten per cent world tariff, which the White Home has mentioned, applies to all nations worldwide, taking China’s tally of Trump’s tariffs to a staggering 94 per cent. Although President Trump gave China’s Xi Jinping a 24-hour window of alternative to roll-back or “withdraw” the extra tariff he has imposed towards the US, failing which, Chinese language items will face this revised 94 per cent tariff in whole.

President Trump made the announcement at round 11:30 am (US time – 9 pm India time). Citing his earlier “warning” to “tariff abuser” China, he shared a put up on his social media platform Reality Social, wherein he wrote, “Yesterday, China issued retaliatory tariffs of 34 per cent, on high of their already document setting tariffs, non-monetary tariffs, unlawful subsidization of corporations, and big long run forex manipulation, regardless of my warning that any nation that retaliates towards the US by issuing further tariffs, above and past their already current long run tariff abuse of our nation, will likely be instantly met with new and considerably larger tariffs, over and above these initially set.”

He went on to warn that “If China doesn’t withdraw its 34 per cent enhance above their already long run buying and selling abuses by tomorrow, April eighth, 2025, the USA will impose further tariffs on China of fifty per cent, efficient April ninth.”

The livid US president additionally threatened the tip all talks with China concerning Beijing’s request for dialogue amid a globally spiralling tariff struggle. He additionally mentioned that nations that haven’t retaliated the US import responsibility, will likely be given an opportunity to barter. “Moreover, all talks with China regarding their requested conferences with us will likely be terminated! Negotiations with different international locations, which have additionally requested conferences, will start going down instantly. Thanks to your consideration to this matter,” he wrote.

World inventory markets and oil costs have been in a free fall for the previous 72 hours over President Trump order to impose reciprocal tariffs on nations that tariff America. “These are, because the title suggests, simply reciprocal – which suggests we do to them, what they do to us”, President Trump had mentioned throughout his Wednesday announcement.

China, who President Trump has repeatedly singled out for its gross “tariff abuse” towards the USA “for many years”, swiftly hit again with Beijing upping current US tariffs by a further 34 per cent – the identical as what Trump levied on them. Earlier than Trump’s announcement, Beijing had warned that reciprocal tariffs will result in a “painful commerce struggle” which can “not profit anybody”.