Trump threatens 104 % definitions on China, where the king’s madness plays with the global economy

President Donald Trump threatened to impose an additional 50 % tariff on the goods imported from China in a post on the social media platform on Monday. The total tariff for China will rise to 104 % if the country does not retreat and the 34 % revenge tariff decreased by in response to Trump’s 34 % increase in the goods coming from the United States last week. The new Trump threat does not completely calm the nerves of anyone.

“If China does not withdraw an increase of 34 % higher than the already long trading violations by tomorrow, April 8, 2025, the United States will impose an additional tariff on China by 50 %, as of April 9,” Trump books.

Trump presented a 34 % new tariff on Chinese goods on April 2 during the strange “Tahrir Day” announcement in the White House garden. But the customs tariff was already at the top of a 20 % tariff on imports from the country. If Trump passes by threatening him, it will seem that the total tariff will reach 104 %, although it is not completely clear yet if this is the ceiling already.

As is always the case, Trump’s threats on Monday provided little clarity about how everything is already done. When the president issued his introductory announcement last week, with Amal Now a famous schemeThe market analysts and journalists were confused about what the numbers he already had. It turned out that Trump was creating fake numbers claiming to show the current definitions of American goods. In fact, the White House used a meaningless equation at all.

To reach its numbers, the White House took a trade deficit with each country divided by total imports from that country to the United States and then divided this number in half to Find a tariff. If the United States has a commercial surplus with a country, it is still slapped with a 10 % basic tariff. Australia, for example, imports more than the United States more than its export, but it still suffers from a 10 % tariff for all the goods it exports to the Americans.

Trump gave some bread crumbs of hope that his introduction to other countries outside China was available to negotiate, according to his latest social position.

“In addition, all conversations with China will be terminated on its required meetings with us! The negotiations with other countries will start, which also requested meetings, immediately. Thank you for your interest in this issue!” In fact, Trump concluded his social position.

The markets were swinging violently on Monday, as they sink first in the open, but then briefly recovering after a tweet from a person named Walter Bloomberg on X. Bloomberg has no affiliation with Bloomberg News, but many people follow the account because he often tweets urgent news from wired services. Eric Wason, a reporter of Bloomberg News, Even tweets The two should not depend on the expense of Walter Bloomberg, and he writes, “He does not work for us and does not declare Bloomberg.” Walter Bloomberg tweeted that the White House was thinking about 90 days stopped On all the customs tariffs, it seems that Trump’s adviser Kevin Haysit had a Fox News interview two hours ago, as he was asked about the possibility of such a decline.

“I think the president will decide what the president will decide,” Haysit replied, which he says basically does not know. But the stupid phone game that is our modern internet has taken this as the Gospel that Trump will temporarily stop the tariffs, and send the markets to a positive area before it retracts when the White House called it.Fake news“

Congress has the authority to impose customs tariffs under Article 1, Article 8 of the United States Constitution, but Trump uses the 1977 Economic Forces Law, which allows the president to impose a tariff on the name of the national emergency. Trump imposes these global definitions because he says the trade deficit is “an emergency.” Senator Chuck Grassley, a Republican of Iowa, presented a bill Last week To return some of this power. Until Monday, the draft law includes seven Republican sponsors, according to NBC News. But even if the draft law passes the Senate, it appears that it is unlikely to vote in the House of Representatives, as Parliament Speaker Mike Johnson, a Republican of Louisiana, did not appear, that is, signs that he will release Trump by restoring any of the authorities originally granted to Congress.

Nobody knows what the rest of the week holds for the global economy, but it seems that it can never be stupid from here. It is a mistake from almost one person if you do not count the Republicans who enabled this stupidity. Trump plays chicken with the global economy. The choice of fighting with the entire world has not succeeded historically for the country of the aggressor.