President Donald J. Trump has issued a strong warning to China, threatening to escalate the ongoing trade dispute with new and substantially higher tariffs.
In a statement released today on Truth Social, President Trump accused China of retaliating against the U.S. by imposing a 34% increase in tariffs, adding to what he described as China’s “already record-setting Tariffs, Non-Monetary Tariffs, Illegal Subsidization of companies, and massive long-term Currency Manipulation.”
READ: Wild Market Swings As Global Markets React To Trump’s Tariffs
President Trump stated that he had warned that any country imposing additional tariffs on the U.S., on top of existing long-term tariff abuses, would face “new and substantially higher Tariffs, over and above those initially set.”
He announced a deadline for China to withdraw its 34% tariff increase: “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.”
In a further escalation, Trump declared the termination of all talks with China regarding their requested meetings with the U.S. if they don’t reverse course. He stated that negotiations with other countries that have also requested meetings would begin immediately.
This is a developing story.
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