U.S. President Donald Trump has issued an ultimatum to China, threatening to impose additional tariffs of 50% if the country does not withdraw its retaliatory tariffs of 34% by April 8, 2025.
Trump's Grievances
Trump voiced his displeasure with China's retaliatory tariffs, which he considers to be on top of existing long-term trading abuses, non-monetary tariffs, illegal subsidization of companies, and currency manipulation. He stated that his warning against retaliatory measures was ignored by China.
Ultimatum Details
In a post on his Truth Social platform on Monday, Trump warned that if China does not withdraw its 34% increase above their already long-term trading abuses by April 8, 2025, the United States will impose additional tariffs on China of 50%, effective April 9, 2025.
Termination of Talks
Trump further stated that all talks with China concerning their requested meetings with the U.S. will be terminated if the ultimatum is not met. He added that negotiations with other countries that have requested meetings will begin immediately.
Trade War Concerns
This latest move escalates trade tensions between the U.S. and China, raising concerns about a potential trade war that could have significant implications for the global economy.
