Trump threatens to impose an additional 50% tariff on China
CBSN
President Trump on Monday said the U.S. will apply an additional 50% tariff on imports from China if the Asian nation doesn't withdraw its plan to impose a retaliatory 34% import fee on American products.
In a post on his Truth Social app, Mr. Trump said that "any country that Retaliates against the U.S. by issuing additional Tariffs, above and beyond their already existing long term Tariff abuse of our Nation, will be immediately met with new and substantially higher Tariffs, over and above those initially set."
He added, "Therefore, if China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th."
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