(AFP) — United States (US) President Donald Trump on Monday threatened huge additional tariffs on imports from China if Beijing did not withdraw its retaliation plans, adding that Washington would begin talks with other countries that want negotiations.
The fresh action would stack on an already steep US rate taking effect Wednesday, the White House told AFP, bringing the total figure to a prohibitive level.
“If China does not withdraw its 34 per cent increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50 per cent, effective April 9th,” Trump said in a Truth Social post.
As part of a broader plan to impose “reciprocal” tariffs on countries with which the United States has large trade deficits, Trump last week unveiled a 34 per cent additional tariff on China, taking effect Wednesday.
Beijing’s counter tariff matches Washington’s figure and is set to kick in on April 10. These will stack on existing Chinese duties too.
The world’s second biggest economy has also issued other countermeasures, including export controls on rare earth elements.
Since returning to the presidency, Trump has imposed 20 per cent added duties on Chinese imports over Beijing’s alleged role in the fentanyl supply chain.
With the incoming 34 per cent rate and new 50 per cent threat, the total additional rate this year could hit 104 per cent, the White House told AFP.
The White House added that this new rate piles on existing tariffs from Trump’s first presidency, which former president Joe Biden largely kept in place and added to in targeted sectors.
Trump took aim at Beijing’s economic practices on social media Monday, criticising its “non-monetary tariffs” and “illegal subsidisation of companies”.
He added that “all talks with China concerning their requested meetings with us will be terminated”.
But “negotiations with other countries, which have also requested meetings, will begin taking place immediately,” Trump wrote on his Truth Social platform.
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Two powerhouse, but on the other hand we are talking about two men, one who’s been in politics and ruled his country for most of his life and the other who became a politician a few years back, with his second and final go around as President.
Who is most knowledgeable and skillful as a politician?
The problem is that Trump has NEVER had a business that succeeded and have always gambled with other people’s money much to THEIR detriment and ruin. I will expect the same to continue. Sadly it’s all just a game to them. Tit for tat.
Every country is sovereign and can do what they want. You want my products? Sure! But I will impose XX% tax on it. You don’t like it? That’s OK. Carry your business elsewhere.
BUT don’t trade with me by accepting my terms and then complain about the terms. These are MY terms. Accept them to don’t accept them.
All that to say that Trump will be the downfall of the Un-United States of America. You have built your country on the backs of slaves and immigrants and what’s worse is that you have forgotten.
Your day of reckoning is here. You must face it and FIX it or you will come full circle again one day.
Then again America voted for a baboon as president……..