Trump Warns China of Total 104% Tariff If Retaliation Continues
Donald Trump has issued a new warning to China: remove your 34% counter-tariffs on US imports by Tuesday or face a 50% additional US tariff on Chinese goods starting Wednesday. Combined with earlier tariffs, the total would exceed 100%.
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Trump said there would be no new negotiations with China and criticized Beijing for economic mismanagement, claiming their markets are already faltering. The threat is part of a larger package that also targets the EU with 20% tariffs.
Markets are reacting nervously to Trump’s aggressive stance, with concerns about inflation and economic slowdown mounting.
