US President Donald Trump On Monday, he threatened additional tariffs in China, causing new concerns that the urge to re -balance the global economy could lead to a trade war.
The threat of Trump on social media came after China would retaliate to US tariffs announced last week.
“If China does not withdraw a 34% increase in long -term trade abuse by April 8, 2025, the US will apply additional 50% of additional tariffs to China from 9 April.
“In addition, all the meetings about the meetings requested with us with China will be terminated!”
Trump used to challenge as the stock market continued to dive and the fear of a stagnation grew.
“Be strong, brave and patient and the greatness will be a result!” He wrote.
When the transaction started on Monday morning, Dow Jones industrial an average fell by an average of 1,200 points and the S&P 500 was on the way to enter a bear market, which has recently dropped 20%.
Even some of Trump’s allies give alarm about economic damage, and financial forecasts show that there is more pain on the horizon for US businesses, consumers and investors.
The President of the Republic insisted that tariffs were necessary to re -balance global trade and rebuild domestic production.
He accused other countries of “Be good ‘to take advantage of the US”. In international trade and “past ‘leaders’ will be accused of allowing it,” he said. He chose China as the ları the greatest abuse of all of them ve and criticized Beijing for increasing his own tariffs in retaliation.
Trump also called on the Federal Reserve to reduce interest rates.
On Friday, Federal Reserve President Jerome Powell warned that tariffs may increase inflation and said, “There is too much waiting and vision, including us,” he said.
According to CME Group’s Fedwatch, investors expect the US Central Bank to reduce the comparison interest rates at least four times by the end of this year, and a sign that inflation concerns will remain in a shade with a shrinking economy.
Trump spent the weekend in Florida and came to participate in a tournament financed by Saudi at the Miami Golf field on Thursday night. His private club in Palm Beach stayed in Mar-a-Lago and scored golf on his two nearby properties.
On Sunday, he released a video that hit a driving and said that he won a club championship for journalists in Air Force One that evening.
“Good win, Tr Trump said. You heard I was winning, right?
He also said that despite the turmoil in global markets, he would not be withdrawn from his tariffs.
“Sometimes you should take medication to fix something, Tr Trump said.
Goldman Sachs published a new forecast, saying that even if he returned from Trump’s tariffs, a stagnation has become more likely.
“The financial firm said that economic growth will slow down“ a sharp tightening under financial conditions after a continuing increase in foreign consumer boycotts and further suppression of capital expenditures than we had previously assumed before ”.
European Commission President Ursula von Der Leyen said that the European Union will focus on trade with other countries as well as the US, saying that the European Union is “wide opportunities ..
Trump said he was talking to Japanese Prime Minister Shigeru Ishiba to start commercial negotiations. Truth Social “They treated the United States very badly about trade” and “they do not take our cars, but we buy millions”.
Ishiba told Trump that tariffs will be “worried” that tariffs will deter him from Japan, the world’s largest investor in the United States in the last five years. He described the situation as a “national crisis ve and said that his government would negotiate with Washington to encourage reconsiderations with tariffs.
White House Trade Advisor Peter Navarro said that countries should make structural changes in tax and regulatory codes, suggesting that they should do much more than reducing their tariff rates to achieve agreements.
Im Let’s get Vietnam, C CNBC said. “When they come to us and say ‘we will go to zero tariffs’, this does not mean anything to us because the important thing is out of tariff cheat.”
On Monday, he is scheduled to invite President Los Angeles Dodgers to the White House to celebrate the world series victory. He is also meeting with Israeli Prime Minister Benjamin Netanyahu and is expected to hold a joint press conference in the afternoon.
Trump strived to a united front after the chaotic fight of the first period. However, the economic turbulence has revealed some fractures in the coalition of different supporters.
Hedge fund manager Bill Ackman attacked the Trade Secretary Howard Lutnick on Sunday as a “indifferent to the stock market and the economy .. Before joining the Trump administration, Lutnick said that Cantzgerald, a finance firm -led finance company, made a profit due to bond investments.
On Monday, ACKMAN apologized for criticism, but reiterated Trump’s concerns about tariffs.
“I was disappointed to watch that I believe that I believe that there was a big policy error after making great economic progress due to the tariffs of our country and the President. X.
The White House Economy Advisor Kevin Hassett said to Fox News Channel’s ACKMAN, “Rhetoric should be relieved a little.”
He insisted that not the United States, but that other countries will “carry the burden of tariffs”.
Billionaire Elon Musk, a Trump’s senior adviser to overhaul the Federal Government, expressed skepticism about tariffs during the weekend. Musk, tariffs will increase costs for electric car manufacturer Tesla, he said.
In a video conference with Italian politicians, Musk agrees that both Europe and the US should ideally go into zero tariffs and create an effective free trade zone between Europe and North America, ”he said.
“This is definitely my advice to the President,” he added.
Navarro later told Fox News that Musk did not “understand” the situation.
