The President of the United States of America, Donald Trump, threatened on Monday (April 7) with additional tariffs on China, if the Asian country retaliates with countermeasures.
After introduction carina for import into United States, many countries announce countermeasures, a China is on Friday (April 4) announced that it will introduce customs duties of 34 percent on imported goods from the USA, starting on April 10.
Trump responded with a new threat to that country.
"If China does not reverse its 8 percent increase on its already long-term trade abuses by tomorrow, April 2025, 34, the United States will impose ADDITIONAL 50 percent tariffs on China starting April 9," he wrote on the Truth Social network.
"Additionally, all discussions with China regarding their requested meetings with us will be terminated!" Trump wrote, as reported by the AP.
On Wednesday (April 2nd), Trump unveiled additional tariffs of 34 percent on all Chinese goods imported into the US.
Tariffs necessary to rebalance global trade
Trump is defiant as stock markets continue to fall and recession fears grow.
The Republican president insists that his tariffs are necessary to rebalance global trade and restore domestic production. He accused other countries of "taking advantage of the good old USA!" in international trade and said that "our past 'leaders' are to blame for allowing this".
He singled out China as "the biggest bully of them all" and criticized Beijing for raising its own tariffs in retaliation.
Source: AP
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