US President Donald Trump is threatening an additional 50% tariff on China if Bejing doesn’t remove its retaliatory duties on US exports. The latter brought its own 34% tariff increase on the United States in response to Trump’s tariff announcement last week. Trump says he will implement the additional 50% tariff if China’s duties aren’t lifted by April 8.

Global stock markets, especially in the US, are being heavily hit on Monday, thanks to Trump’s tariffs. U.S. markets opened sharply lower Monday for a third trading session, as Trump’s tariffs paralyze global trade and investment. Asian markets also plunged overnight, with stock indexes in Singapore, Australia, Japan, South Korea, and India all suffering losses.

Trump Threatens More Tariffs

In a post to his Truth Social account, Trump said the following about new tariffs for China:

“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. 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!”

Today, the White House also dismissed a wire headline that said Trump is considering pausing new tariffs for 90 days. Several economic experts and billionaires say that the new Tariffs from the US threaten a recession that could last for years. Further, the tariffs could even spur more enemies for the US, with more than just China being hit hard.

Also Read: Tariff Dip Tech Stocks: 3 Bargain Tech Stocks to Buy Today

European Union President Ursula von der Leyen said the EU is willing to negotiate tariffs with the U.S. However, von der Leyen also said the bloc will prepare to retaliate similarly to China. With threats of a recession and potential economic battles between the US and other world powers, many suggest that the US tariffs are backfiring. Experts aren’t surprised, though, as threats of such an event happening were raised when Trump first brought around Tariff talks in his first presidency.

The White House has yet to comment on Trump’s social media post claiming an additional 50% tariff on China.

  • china
  • Donald Trump
  • Tariffs