President Donald Trump has threatened to raise U.S. tariffs on China by an additional 50% starting April 9th unless China withdraws its retaliatory 34% tariffs by April 8th. In a post on his Truth Social platform, Trump proposed this one-day ultimatum and criticized China's tariff increases. He labeled them as part of long-standing trade abuses, including currency manipulation and illegal subsidization of companies.
Trump stated that any country retaliating against the U.S. with additional tariffs would face higher penalties, specifically warning China of the impending 50% increase if the tariffs aren’t retracted. He also announced that all talks with China regarding their requested meetings would be terminated. Trump emphasized that negotiations with other nations seeking meetings would proceed without delay. The escalating trade tensions signal a further intensification of U.S.-China relations.
