President Trump said on Monday that the U.S. would tariffs on Chinese imports if Asian countries do not withdraw their retaliatory plans 34% import fee About U.S. products.
“Any country that retaliates against additional tariffs other than the long-term tariff abuse that already exists in our country will immediately receive new and higher tariffs, exceeding the initially set tariffs,” Trump said in an article on his Truth Social App.
He added: “So if China does not withdraw its 34% growth by tomorrow on April 8, 2025, the U.S. will impose an additional 50% tariff on China starting on April 9.”
On April 2, Mr. Trump announced so-called reciprocity tariffs imported by about 90 countries, increasing global taxes on all products shipped to the United States to the United States, and described the announcement as “Liberation Day,” said the president New tax The trade imbalance between the United States and other countries needs to be eliminated, from China to EU members.
In response to Mr Trump’s 34% tariff on Chinese imports, the import will take effect on April 9, and Beijing announced last week that it would increase it 34% tariff on imports Among all U.S. products starting April 10.
Wall Street has Frightened Mr. Trump’s growing trade war, economists warn that conflict could slam economic growth and could even trigger recession.
Since tariffs are paid by U.S. importers, it is usually passed on to consumers in the form of higher prices, increasing the likelihood of inflation reigniting this year.
– This is news and will be updated.
