If Xi Jinping does not withdraw 34% retaliation tariffs, Trump threatens 50% tariffs in China
Trump announced that if Beijing does not stop doing retaliation tasks for US imports, he will add 50% more tariffs to China. Trump gave China until Tuesday to remove the 34% tariffs in response to mutual tasks announced in the White House last week.
One Real social Post, Trump, “China, until April 8, 2025, if the already increased 34% of long -term trade abuse, the United States will apply 50% additional tariffs to China from 9 April.”
The Chinese government announced on Friday that it will put 34% tariff on all US imports from April 10th. This is compatible with the plan to fight after US President Donald Trump began a global trade war. Trump added extra 34% tax to all Chinese goods brought to the United States on Wednesday.
The Chinese government said, “This practice of the US is not compatible with international trade rules, but seriously weakening China’s legitimate rights and interests and a typical unilateral bullying application,” he said.
China and the US had a bad relationship even before Trump took office. The gap between the two has been there for at least 30 years, and since 2000, the trade with China and the most unfair for the United States.
China is one of the main places that the US sent goods, but in 2024, China sent three times more goods to the US compared to what the US sent to China.
All meetings with China will be terminated
Trump also wrote that he would cancel all the planned talks with China if they did not comply with their request. “In addition, all the meetings about the meetings requested with us with China will be terminated!” He said.
China told traders not to worry about Trump’s plans to increase their tariffs on goods. He said there were many policy options to protect the economy without excluding negotiations with the US. Official People’s Daily, “US tariffs abuse, even though it has some effect on us, the sky will not fall […] We must turn print into motivation. “
There is less chance of agreement between the two largest economies in the world. This caused financial markets to fall, and investors think that China can quickly value Yuan in the dollar.
In addition, in the last few weeks, Chinese officials have tried to show that China is a safe shelter for business and that many countries are richer, a stable economic partner and champion of the international economy.
In a statement on Saturday, the Chinese Ministry of Foreign Affairs, “the world’s second largest economy and the second largest consumer market, China will continue to open its doors wider, regardless of the changing international landscape.”
Trump is ready to make a deal
Trump also said he was ready to discuss tariffs with other countries. “Negotiations with other countries demanding a meeting will begin to take place immediately,” he said.
Potus said countries around the world wanted to negotiate. For example, Indonesia’s Chief Economy Minister, instead of retaliation against tariffs, will focus on diplomacy and negotiations to find good answers for both sides.
Japan said that they want the US government to review unilateral tariff measures at various levels. They said they would do the best for Japan.
Later, Malaysia has no plan to retaliate for tariffs. The country, instead, said it would look for solutions to protect the free and fair trade spirit. In addition, a senior official said Vietnam is ready to talk about eliminating all tariffs in US imports with the Trump administration.
The EU also began to agree with a proposal made by Musk. “We are ready to negotiate with the US. Indeed, we have presented zero tariffs to zero for industrial goods, as we have successfully done with many other trade partners.” He said.
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