Trump threatens to tax more China

This article was automatically translated from HIBAPRESS, the Arabic version:

Hibapress

President Donald Trump threatened on Monday to impose additional customs duties of 50% on China if it did not withdraw its retaliatory measures, thus intensifying the tariff war against the background of storms on the stock markets.

“If China does not withdraw by tomorrow, on April 8, 2025, its increase of 34% compared to its already old commercial abuses, the United States will impose additional customs duties of 50%, from April 9,” said Trump on his social social platform.

He added that “all the talks with China concerning the meetings she asked with us will be interrupted”.

The American president decreed, last Wednesday, a pricensive offensive against dozens of countries, including a new 34% major tax on China. Beijing retaliated Friday by imposing 34% taxes on American products.

Donald Trump stressed that the United States would impose even higher trade barriers on China if Beijing did not decrease.

Faced with the panic that seizes the financial markets, the American president declared on his social network, this Monday shortly before the opening of Wall Street: “Do not be weak!” Don’t be stupid! (…) Be strong, courageous and patients and the size will be there ”.

The basic customs duties of 10% announced by Donald Trump entered into force last Saturday. This additional universal floor which is added to customs taxes already in force on all products imported by the United States, will be accompanied by other higher prices from April 9 for countries that export more to the American market, to the Limage of China (+54%) or the European Union (+20%).