- President Donald Trump gave Beijing one day To withdraw his revenge to the latest Silvo tariff, otherwise it will add a 50 % duty to Chinese imports. Last week, Trump imposed a new 34 % tax at the previously of the previous introduction of 20 %. If it continues with its last threat, the total tariff for China will reach 104 %. If a “secondary tariff” is imposed on China to buy Venezuelan oil, it may reach 129 %.
The US -Chinese trade war can become more hot as President Donald Trump Beijing threatened an additional tariff by 50 % unless it responds to revenge against its previous tariff.
Last week, Trump imposed a 34 % duty on China, adding to his 20 % tax. China responded with a tariff of 34 % of its American imports.
in Social truth on MondayTrump indicated that he had previously warned that any revenge was that “he had immediately met with new and higher definitions, in addition to those that were initially appointed.”
“If China does not withdraw a 34 % increase from its long -term trading violations by tomorrow, April 8, 2025, the United States will impose an additional tariff on China by 50 %, as of April 9,” he added. “In addition, all conversations with China will be completed on its required meetings with us!”
Meanwhile, negotiations with other countries will begin immediately. “Thank you for your interest in this!”
The stocks remained deep in the red color after its threat. the Dao The Jones Industrial Mediterranean decreased 700 points, or 1.8 %, while the S&P 500 decreased by 1.2 % and Nasdak 1 %.
If Trump continues with his last threat, the total tariff in China appears to be 104 %. And if it is imposed “Secondary definitions” In China to buy Venezuelan oil, it can reach 129 %.
The Chinese embassy in the United States did not respond immediately luckRequest to comment.
Analysts warned at UBS The average tariff in the United States can generally increase to 30 % From 25 % under Trump’s current plans, as a course of revenge and escalation.
According to data fromFitch classifications25 % effective tariffs will be already higher since 1909. If it reaches 30 %, it will be the highest since 1872.
But by the third quarter, UBS believes that the US tariff has begun to decline as Trump faces more business, legal and political, and the actual rate is expected to end 2025 by 10 % to 15 %, although it is still higher than last year’s 2.5 % level. In reality, The most important names in Wall Street They started broadcasting their concerns about the definitions.
But during the weekend, Trump and his employees gave There are no signs of retreatFrom their commercial war, even at a time when the sale of the stock market wipes $ 6 trillion on the market.
Administration officials said on Sunday More than 50 countries The new definitions of Trump to start negotiations have reached. Vietnam also confirmed that she had It was offered to remove all definitions We have imports in the United States to try to increase 46 % of the Trump tax.
Earlier on Monday, Trump doubled his message that Americans should bear some pain to achieve his goal of rebalancing trade relations.
“Don’t be weak! Don’t be stupid! Don’t be a Saniki (a new party that relies on weak and stupid people!). Be strong, brave and shiny, and the greatness will be the result!” Write onSocial truth.
This story was originally shown on Fortune.com
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