President Donald Trump of the United States forewarned China that if Beijing does not reverse its recent 34% tariff hike by April 8, 2025, additional tariffs of 50% will be imposed on Chinese imports.
If Beijing doesn’t remove its retaliatory charges on U.S. goods by tomorrow, President Donald Trump is threatening to impose fresh 50% tariffs on China. According to the White House, any indication that Trump is thinking about a 90-day tariff moratorium is “fake news.”
For the third trading session, U.S. markets opened much lower Monday as Trump’s tariffs stymie international investment and commerce. Overnight, stock indices in Singapore, Australia, Japan, South Korea, and India all saw losses as Asian markets fell.
Ursula von der Leyen, the president of the European Union, stated that while the group is prepared to retaliate, it is also eager to negotiate tariffs with the United States. Bill Ackman, a billionaire Trump supporter, claims that tariffs are threatening to send America into a “economic nuclear winter.” Elon Musk, the CEO of DOGE, and Peter Navarro, a senior Trump trade advisor, continued their verbal and virtual sparring on free trade.
One of Trump’s closest allies, Israeli Prime Minister Benjamin Netanyahu, will visit the White House on Monday. According to Commerce Secretary Howard Lutnick, tariffs will “stay in place for days and weeks” and won’t be delayed.
