President Donald Trump on Monday threaten to impose an additional 50% tariff on China if it did not withdraw its own 34% tariff that it implemented following Trump’s “Liberation Day” imposition of a similar one.
“Yesterday, China issued Retaliatory Tariffs of 34%, on top of their already record setting Tariffs, Non-Monetary Tariffs, Illegal Subsidization of companies, and massive long term Currency Manipulation, despite my warning that any country that Retaliates against the U.S. by issuing additional Tariffs, above and beyond their already existing long term Tariff abuse of our Nation, will be immediately met with new and substantially higher Tariffs, over and above those initially set,” Trump posted on Truth Social.
He further threatened to halt negotiations with China on the reductions of tariffs.
This will happen should it fail to meet his demands.
“Therefore, if China does not withdraw its 34% increase above their already long-term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th. Additionally, all talks with China concerning their requested meetings with us will be terminated!” he added. “Negotiations with other countries, which have also requested meetings, will begin taking place immediately. Thank you for your attention to this matter!”