U.S. President Donald Trump has threatened to impose a 50% tariff on Chinese imports starting April 9 unless China cancels its 34% retaliatory tariffs by April 8. If enacted, this would bring the total tariffs on Chinese goods to 104%.
Trump emphasized that no further discussions will be held with China regarding tariffs, but stated that negotiations with other countries on customs policies should begin “immediately”, without specifying which countries he had in mind.
The announcement of new tariffs on imports from China and other nations has sparked sharp criticism from politicians and economists around the world. Stock markets have reacted with significant declines in major indices, while oil prices have seen a sharp drop. Experts are predicting a rise in consumer prices globally and a potential slowdown in economic growth. As noted by dpa, Trump’s decision to impose these tariffs has been described as the most aggressive and potentially impactful move in his trade policy.
