
As the world markets sink and the rates climb, a Chennai -based financial planner offered a strong reality control. “Weird it may seem, the United States needs China more than China that needs us,” Mithukrishnan wrote to X. “If China will lose an eye, the United States would lose both. Most of the world would also be partially blind.”
Its warning occurs when the United States-Chinese trade war is climbed to an unprecedented maximum.
Less than 48 hours after Beijing struck a 34% retaliation retaliation for North -Americans, Donald Trump responded with a sharp stroke, which announced an additional 50% rate to all Chinese imports. This pushes the U.S. total rates to Chinese goods up to a maximum of 84%, and when they combine with a global rate of 10% of the White House, China is now facing an import amount of 94% in the United States.
Trump made the announcement at 11:30 am in the United States (9pm) through its social platform, TRUTH Social. In reference to China as a “fare abuser”, he said:
“Yesterday, China issued 34 percent retaliation tariffs, at the top of the rates of record records, non -monetary rates, illegal subsidies of companies and a massive long -term currency manipulation, despite my warning that any country that is represented against the United States … It will immediately encounter new and substantially higher rates.”
Then he issued a last ultimatum:
“If China does not withdraw its 34 percent increase above commercial abuse already in the long term on April 8, 2025, the United States will impose additional rates in China of 50 percent, from April 9.”
The White House also confirmed that all negotiations with China will stop, while talks with other nations – which have not been retaliated – will advance.
“In addition, all talks with China about meetings requested with us will be lock! Negotiations with other countries, which have also requested meetings, will begin to take place immediately.”
World markets and oil prices have fallen over the last 72 hours, after Trump’s decision to impose reciprocal tariffs on all countries imposed by North -American exports. “These are, as the name implies, only reciprocal, which means we do them, what they do to us,” he said during a previous informative session.
Before Trump’s last climb, Beijing had warned that these measures would trigger a “painful trade war” that “would not benefit anyone.”