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Trump Threatens 50% Tariffs on China as Trade War Escalates

The U.S. president demands China withdraw its retaliatory tariffs by April 8, warning of severe economic consequences as global markets reel.

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President Donald Trump holds up a chart while speaking during his "Liberation Day" trade announcement event in the Rose Garden at the White House on April 2, 2025 in Washington, DC.
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Overview

  • President Trump has announced plans to impose an additional 50% tariff on Chinese imports if Beijing does not reverse its recent 34% retaliatory tariffs by April 8.
  • Global stock markets have experienced significant declines, with Hong Kong's Hang Seng Index suffering its worst drop since 1997 and U.S. markets continuing to fluctuate.
  • China has vowed to resist what it describes as U.S. 'blackmail,' signaling its readiness to escalate the trade conflict further if necessary.
  • Economic leaders, including JPMorgan CEO Jamie Dimon, warn of heightened inflation and increased recession risks as a result of the tariff policies.
  • Negotiations with several countries, including Japan and the EU, are ongoing, but Trump has rejected initial offers, insisting on more favorable trade terms for the U.S.