Donald Trump threatens, Monday, to increase tariffs for China by another 50% if Beijing does not drop the retaliatory taxes on imports from the US by tomorrow. In a post on Truth Social, Trump has given China until Tuesday to cancel its 34% tariffs, imposed in response to the “reciprocal” taxes revealed last week at the White House.<\/p>\n
Trump also wrote that he will cancel all planned talks with China if they do not comply with his demand.<\/p>\n
China’s action came “despite my warning” that any country that retaliates against the new American tariffs “will immediately receive higher and substantially higher tariffs, higher than initially set,” Trump wrote.<\/p>\n
“In addition, all discussions with China regarding requested meetings will be terminated! Negotiations with other countries, which have also requested meetings, will begin immediately. Thank you for your attention to this matter!”<\/p>\n
On “Liberation Day” last week, Donald Trump announced tariffs of 34% for products and services imported from China. Additional tariffs of 50% would mean a total of 84% for the country led by Xi Jinping.<\/p>\n
Within 48 hours of Trump’s announcement of tariffs, the world’s second largest economy quickly retaliated with its own punitive measures against goods and companies from the US.<\/p>\n
And then sent a clear message, CNN reports: China is well prepared to face a trade war – and come out stronger on the other side.<\/p>\n
“American tariffs will have an impact (on China), but “the sky will not fall,” a commentary from the Chinese Communist Party’s government daily said on Sunday.<\/p>\n
“Since the US initiated the (first) trade war in 2017 – no matter how the US fights or pressures – we have continued to develop and progress, showing resilience – “the more pressure we have, the stronger we become,” the commentary said, also appearing on the front page of Monday’s edition of the newspaper.<\/p>\n","protected":false},"excerpt":{"rendered":"
Donald Trump threatens, Monday, to increase tariffs for China by another 50% if Beijing does not drop the retaliatory taxes on imports from the US by tomorrow. In a post on Truth Social, Trump has given China until Tuesday to cancel its 34% tariffs, imposed in response to the “reciprocal” taxes revealed last week at<\/p>\n","protected":false},"author":14,"featured_media":82985,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1135],"tags":[9002,1188,9503,9222,9128],"class_list":{"0":"post-86853","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-foreign-affairs-en","8":"tag-usa-en","9":"tag-donald-trump-en","10":"tag-retaliation","11":"tag-taxes","12":"tag-china-en"},"yoast_head":"\n